Antalpha successfully landed on Nasdaq, with the maximum fundraising amount reaching US$56.7 million

Antalpha Platform Holdings, Inc. (hereinafter referred to as "Antalpha" or "the Company"), a crypto fintech company, announced on May 14 that it had officially launched its initial public offering (IPO), issuing 3,850,000 shares of common stock at an issue price of $12.80 per share, with the stock code "ANTA". The company's shares have been approved for listing on the Nasdaq Global Market, began trading on May 14, and are scheduled to be completed on May 15, subject to customary closing conditions.

In this IPO, Antalpha has granted the underwriters an over-allotment option to be exercised within 30 days, allowing them to purchase up to 577,500 additional shares of common stock to meet potential market demand. If the over-allotment option is fully exercised, the company expects the maximum fundraising amount to reach US$56.7 million, and the basic fundraising amount will be approximately US$49.3 million (both before deducting underwriting discounts and related expenses).

According to the company's announcement, Antalpha plans to use the proceeds from this issuance mainly for the following aspects:

• Increase investment in product development, sales and market development, technical infrastructure and global business expansion;
• Support daily operations and customer funds prepayment needs to optimize capital turnover efficiency and enhance user experience;
• Explore potential acquisition and investment opportunities for technologies, solutions or companies that complement the company's main business (there is no specific acquisition agreement yet);
• As part of fund management, invest in Bitcoin and digital gold to enhance the flexibility and long-term value potential of asset allocation.

The joint bookrunners of this issuance are Roth Capital Partners and Compass Point. Investors can obtain the prospectus through the EDGAR system of the SEC's official website or through relevant underwriting institutions.

About Antalpha

Antalpha is a crypto fintech company headquartered in Singapore, focusing on providing customized liquidity and risk management services for institutional-level Bitcoin mining companies. As one of Bitmain's core financing partners, Antalpha relies on its self-developed platform Antalpha Prime to provide customers with diversified services including supply chain financing and margin loans, supporting customers to monitor collateral status in real time and optimize asset allocation.

Antalpha's technological advantages and robust financial support system enable it to take a leading position in the global crypto mining financial services market. Its successful listing on Nasdaq will inject strong momentum into its global expansion and platform upgrade, and strengthen its strategic position in the digital asset era.