Prestige Wealth Inc. Signs and Closes Approx. $150 Million Financing for Aurelion Treasury; Initiating NASDAQ's First Tether Gold Treasury; Prestige Wealth Inc. (NASDAQ: AURE) Plans to be Renamed to Aurelion Inc., Subject to Approvals

Core Viewpoint - Aurelion Inc. has successfully closed a $150 million financing round, which includes a $100 million private investment in public equity (PIPE) and a $50 million senior debt facility, aimed at establishing NASDAQ's first Tether Gold (XAU) treasury [1][5]. Financing Details - The $100 million PIPE financing attracted approximately 278 million units, with each unit consisting of one ordinary share and two warrants [5]. - The PIPE includes significant investments from Antalpha ($43 million), Tether ($15 million), and Kiara Capital ($6 million) [5]. - Total gross proceeds are expected to reach approximately $290 million, with $280 million allocated for purchasing Tether Gold (XAU) [5]. Treasury Strategy - Aurelion aims to create a publicly listed, fully backed gold digital reserve that can be verified on-chain daily, providing a stable asset in a volatile market [3]. - The company plans to use the majority of the proceeds to acquire Tether Gold (XAU) as its treasury reserve asset [1][9]. - The $50 million senior debt facility will be secured by a first-priority lien on $67 million of Tether Gold (XAU) [6]. Leadership and Management - Björn Schmidtke has been appointed as CEO, bringing extensive experience in bitcoin mining and a vision for integrating Tether Gold into the digital asset ecosystem [2][9]. - Management transitions include the resignation of the previous CEO and changes in other key positions to ensure business continuity [9]. Market Positioning - Aurelion is positioned as a pioneer in the digital gold space, combining the stability of physical gold with blockchain efficiency, targeting a market capitalization of over $200 billion in digital gold assets [10]. - The company plans to launch a Digital Treasury Dashboard to provide updates on Tether Gold (XAU) holdings and treasury metrics [10]. Strategic Partnerships - Aurelion is collaborating with Tether, the largest stablecoin company, to enhance the digital gold ecosystem and increase liquidity for Tether Gold (XAU) [3][4]. - Antalpha's RWA Hub will support Aurelion's treasury strategy by providing liquidity and services for gold-based real-world assets [12].