Research analysts covering AlphaTON Capital.
Recent press releases and 8-K filings for ATON.
AlphaTON Capital Corp Provides Strategic Roadmap Update and Announces Revenue Generation
ATON
New Projects/Investments
Revenue Acceleration/Inflection
- AlphaTON Capital Corp. has raised net $44 million in capital and commenced generating revenue from its AI infrastructure, specifically with Telegram's Cocoon AI, starting in December following the deployment of its initial B200 GPU fleet on November 30, 2025.
- The company initiated a $46 million investment on January 5, 2026, for 576 NVIDIA B300 chips, which is projected to deliver a 27% IRR, 282% ROI, and a Net Present Value of $11 million upon delivery in March 2026.
- AlphaTON exited SEC "baby-shelf" restrictions on December 3, 2025, and subsequently filed a $420.69 million shelf registration statement, declared effective on December 11, 2025, providing enhanced financing flexibility.
- Strategic partnerships, including a definitive agreement with Midnight Foundation effective December 2025, are expected to create additional revenue streams for privacy-preserving AI infrastructure.
Jan 28, 2026, 9:01 PM
AlphaTON Capital Corp Closes $15 Million Registered Direct Offering
ATON
New Projects/Investments
- AlphaTON Capital Corp completed a $15 million registered direct offering of its ordinary shares and pre-funded warrants.
- The offering involved the sale of 15,000,000 ordinary shares (or pre-funded warrants in lieu thereof) at a purchase price of $1.00 per ordinary share (or pre-funded warrant).
- The offering closed on January 14, 2026, generating gross proceeds of $15 million and net proceeds of approximately $13.6 million.
- The company intends to use the net proceeds for scaling GPU deployments for Cocoon AI, working capital, and general corporate purposes.
Jan 15, 2026, 9:26 PM
AlphaTON Capital Corp Reports Q3 2025 Results and Strategic Shift
ATON
New Projects/Investments
Earnings
Delisting/Listing Issues
- AlphaTON Capital Corp (formerly Portage Biotech Inc.) shifted its operating strategy during the six months ended September 30, 2025, to focus on developing the Telegram ecosystem and managing a strategic reserve of digital assets, primarily the TON token.
- For the six months ended September 30, 2025, the company reported a net loss of $11.142 million.
- As of September 30, 2025, the company had cash and cash equivalents of $0.2 million and total current liabilities of $21.5 million, indicating significant liquidity concerns.
- The company entered into an Asset Management Agreement with Alpha Sigma Capital, LLC and received funding via a private placement in September 2025, which included a $15.0 million contribution from DWF.
Jan 13, 2026, 1:20 AM
AlphaTON Capital Corp Reports Investor Exercises Put Option
ATON
Share Buyback
- AlphaTON Capital Corp announced that an investor exercised a Put Option from its September 2025 private placement financing on December 8, 2025.
- As a result, the company is obligated to repurchase 658,644 Ordinary Shares from the investor.
- In exchange for the shares, AlphaTON Capital Corp will transfer 1,230,590.71 locked TON tokens and 187,515.21 liquid TON tokens to the investor.
Dec 31, 2025, 9:15 PM
AlphaTON Capital Corp. Clarifies Financing, Details Strategic Deployments, and Announces Executive Appointments
ATON
New Projects/Investments
Management Change
M&A
- AlphaTON Capital Corp. retracted a previous statement, clarifying it has no equity line financing with ATW Partners or any other provider, and ATW Partners is not an investor.
- The company reported a low Debt to Equity Ratio of 7%, utilizing only $2.1 million of its $35 million Bitgo Lending Facility, and has deployed capital into digital assets, including an initial acquisition of approximately $30 million and 4,000,000 TON into institutional staking contracts.
- Key strategic initiatives include a binding LOI to acquire 60% of GAMEE for $15 million (expected to close by December 31, 2025), an acquisition agreement for Blockchain Wire (expected to close Q1 2026), and a joint venture to launch a co-branded TON Mastercard in December 2025.
- The company also announced the appointment of Wes Levitt as Chief Financial Officer and other key executive leadership roles.
Nov 21, 2025, 9:01 PM
AlphaTON Capital Corp Closes $71 Million Financing and Completes Initial TON Token Acquisition
ATON
Debt Issuance
New Projects/Investments
- On September 25, 2025, AlphaTON Capital Corp successfully closed financings totaling approximately $71.2 million.
- This financing comprised a private placement of approximately 6.32 million ordinary shares at $5.73 per share, generating $36.2 million, and a $35 million loan facility with BitGo Prime, LLC.
- The company utilized these funds to acquire its first significant treasury tranche of approximately $30 million of TON tokens, positioning AlphaTON Capital as a major global holder of TON.
- AlphaTON Capital aims to increase its TON treasury to $100 million by Q4 2025, supporting its strategy for network validation, staking operations, and ecosystem development.
Sep 25, 2025, 7:00 PM
AlphaTON Capital Corp Updates on TON Digital Asset Treasury Strategy and Financing
ATON
New Projects/Investments
Debt Issuance
- AlphaTON Capital Corp (ATON) is proceeding with a financing transaction to launch a TON digital asset treasury strategy for the Telegram ecosystem, with an expected closing during the week of September 22, 2025, and anticipated gross proceeds of approximately $36.2 million.
- The company has appointed DWF MaaS Limited to manage its TON treasury, with an initial $20 million to be funded, followed by an additional $55 million within three months. DWF will retain 100% of profits until the managed balance reaches $150 million, then 90% thereafter, and will receive equity for up to 160,000 ordinary shares.
- AlphaTON has also entered into a Master Loan Agreement with BitGo Prime, LLC, allowing it to draw up to $35 million at an interest rate of 14.75% per annum, collateralized by 200% of the drawn portion in TON tokens.
Sep 23, 2025, 6:11 PM
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