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Univest Securities, LLC Announces Closing of $28 Million Registered Direct Offering for its Client Yueda Digital Holding (NASDAQ: YDKG)
Globenewswireยท 2025-10-16 21:00
Core Points - Univest Securities, LLC announced the closing of a registered direct offering of approximately $28 million for Yueda Digital Holding (NASDAQ: YDKG), a company focused on mainstream cryptocurrencies in the Web3 and digital economy space [1][3]. Group 1: Offering Details - The offering consists of 28,000,000 units, each unit comprising one ordinary share and one warrant to purchase one ordinary share, priced at $1.00 per unit [2]. - The total gross proceeds from the offering amount to approximately $28 million [3]. - The warrants have an exercise price of $1.00 per ordinary share and are exercisable for six months from the issuance date [2]. Group 2: Company Background - Yueda Digital Holding focuses on the long-term accumulation of mainstream cryptocurrencies through treasury allocations, strategic investments, and capital transaction proceeds [7]. - The company's principal activities include active treasury management of digital assets, exploring compliant yield opportunities, selective investments in Web3 infrastructure, and providing advisory services for enterprises entering the digital-asset economy [7]. - YDKG operates with a compliance-first mindset and aims to support the growth of open blockchain networks while compounding long-term value [7]. Group 3: Univest Securities Overview - Univest Securities, LLC has been registered with FINRA since 1994 and offers a variety of financial services, including investment banking and advisory services [6]. - The firm has successfully raised over $1.5 billion in capital for issuers globally since 2019 and completed approximately 100 transactions across various industries [6].