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CleanCore Solutions (NYSE: ZONE) Announces $175,000,420 Private Placement to Build the Official Dogecoin Treasury Founded by the Dogecoin Foundation and the House of Doge, Inc.
Globenewswireยท 2025-09-02 12:30
Core Viewpoint - CleanCore Solutions, Inc. has announced a private investment in public equity (PIPE) to implement a Dogecoin treasury strategy, raising approximately $175 million through the sale of 175,000,420 Pre-Funded Warrants at $1.00 each, funded by a mix of cash and cryptocurrencies [1][4] Group 1: Transaction Details - The transaction creates the only official Dogecoin treasury sponsored by the Dogecoin Foundation and the House of Doge, with key personnel from both organizations joining CleanCore's board [2][6] - Over 80 institutional and crypto-native investors participated in the transaction, including notable names like MOZAYYX, Pantera, GSR, FalconX, and Borderless [3] - The offering is expected to close around September 4, 2025, pending customary closing conditions [4] Group 2: Strategic Implications - The net proceeds from the offering will be used to acquire Dogecoin (DOGE), which will serve as CleanCore's primary treasury reserve asset [4][5] - The initiative aims to anchor Dogecoin with a foundation-backed treasury strategy, enhancing its legitimacy and paving the way for institutional adoption [5][6] - The strategy includes discussions with major crypto exchanges to introduce staking-like rewards and yield opportunities for treasury holdings, creating additional value for DOGE holders [5] Group 3: Company Background - CleanCore Solutions, Inc. focuses on revolutionizing cleaning and disinfection practices through patented aqueous ozone technology, aiming for sustainable solutions that exceed traditional methods [8] - The House of Doge is committed to advancing Dogecoin as a widely accepted global currency, investing in infrastructure for everyday commerce and developing financial products [9]