AirNet Technology ADR

AirNet Technology announced that effective September 19, 2025 it will rebrand as Yueda Digital Holding and change its U.S. ticker symbol from ANTE to YDKG. Shareholders approved a reclassification of the shares into Class A and Class B common stock; the CUSIP remains unchanged. The company plans a registered direct placement of $180 million (80,826,225 shares plus warrants at $2.227 per unit) and reports receipt of approximately 296,367 Solana tokens; warrants are immediately exercisable at $3.3405 and expire in 2030. Clarifications were also made regarding the capital structure, a planned reverse split, and the convening of an extraordinary general meeting. » More on de.investing.com

AirNet Technology Inc. has announced a registered direct placement expected to generate approximately $180 million in gross proceeds from the sale of 80,826,225 common shares with warrants at a combined price of $2.227 per unit. The company plans to use the proceeds for working capital, expects the transaction to close in late August 2025, and reports a current ratio of 0.33. Vikram Seth was appointed fractional chief investment officer and Professor Yu Xiong was named chief research and innovation advisor, and AirNet now again meets the NASDAQ minimum bid price requirement. » More on de.investing.com

AirNet Technology Inc. has filed documents with the U.S. Securities and Exchange Commission for an upcoming extraordinary general meeting and has sent shareholders a proxy statement and proxy cards. The filing did not specify the date or agenda; the documents were signed by CEO Dan Shao. The Beijing-based company operates in advertising services. » More on de.investing.com