Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices by ETHZilla Corporation and its officers or directors [1] Group 1: Company Financials and Operations - On December 19, 2025, ETHZilla disclosed the sale of approximately 24,291 Ether (ETH) for a total of $74.5 million, intending to use the funds primarily to redeem outstanding senior secured convertible notes [3] - The company plans to explore various capital raising strategies, including ETH sales and equity offerings, to support its business plans, particularly the tokenization of real-world assets [3] - On December 22, 2025, ETHZilla indicated that its future value would be driven by revenue and cash flow growth from its RWA tokenization business [3] Group 2: Market Reaction - Following the announcements, ETHZilla's stock price decreased by $0.60 per share, or 8.70%, closing at $6.30 per share on December 22, 2025 [3]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ETHZilla Corporation - ETHZ
Globenewswire·2025-12-30 17:34