Wei Fang

Xin Wang

- **AirNet Technology Inc.** will change its name to **Yueda Digital Holding** and its ticker symbol from **ANTE** to **YDKG**, effective **September 19, 2025**.  **[1413745_0001213900-25-089521_ea025807401ex99-1_yueda.htm:0]** 
- Shareholders approved the re-designation of each ordinary share as one Class A ordinary share and each preferred share as one Class B ordinary share.  **[1413745_0001213900-25-089521_ea025807401ex99-1_yueda.htm:0]** 
- The company's new focus as **Yueda Digital Holding** is on the **Web3 and digital-economy**, including mainstream cryptocurrencies, treasury management, and investments in Web3 infrastructure.  **[1413745_0001213900-25-089521_ea025807401ex99-1_yueda.htm:0]**

AirNet Technology Inc. Announces Name and Ticker Symbol Change to Yueda Digital Holding (YDKG)

- AirNet Technology Inc. will change its name to **Yueda Digital Holding** as of September 3, 2025.  **[1413745_0001213900-25-088752_ea025637001ex99-1_airnet.htm:28]** 
- The company disposed of its legacy air travel media network business on September 3, 2025, and resumed cryptocurrency mining operations on January 1, 2025, which generated **$12.8 million** in mining revenue for the six months ended June 30, 2025.  **[1413745_0001213900-25-088752_ea025637001ex99-2_airnet.htm:0]** **[1413745_0001213900-25-088752_ea025637001ex99-2_airnet.htm:1]** **[1413745_0001213900-25-088752_ea025637001ex99-1_airnet.htm:4]** 
- For the six months ended June 30, 2025, the company reported a **net loss attributable to shareholders of $2.0 million**, compared to a net income of $19.9 million for the same period in 2024.  **[1413745_0001213900-25-088752_ea025637001ex99-2_airnet.htm:1]** **[1413745_0001213900-25-088752_ea025637001ex99-1_airnet.htm:1]** 
- As of June 30, 2025, the company had a **working capital deficiency of $56.1 million**, raising substantial doubt about its ability to continue as a going concern; however, it recently raised approximately **$180.0 million** in gross proceeds from a private placement on August 27, 2025.  **[1413745_0001213900-25-088752_ea025637001ex99-2_airnet.htm:2]** **[1413745_0001213900-25-088752_ea025637001ex99-1_airnet.htm:12]** **[1413745_0001213900-25-088752_ea025637001ex99-1_airnet.htm:28]**

AirNet Technology Inc. Announces Name Change, Business Restructuring, and Q2 2025 Financials

- AirNet Technology Inc. (ANTE) completed a registered direct offering on **August 28, 2025**, raising gross proceeds of approximately **US$180.0 million**.  **[1413745_20250828CN61081:0]** 
- The offering involved the purchase and sale of **80,826,225** ordinary shares and accompanying warrants.  **[1413745_20250828CN61081:0]** 
- The proceeds were paid entirely in digital assets, consisting of approximately **819.07 Bitcoin** and **19,928.91 Ethereum**.  **[1413745_20250828CN61081:0]** 
- This financing solidifies AirNet's strategic transformation into a dedicated participant in the digital asset ecosystem.  **[1413745_20250828CN61081:0]**

Company not found (ANTE)