Bitcoin institutional finance platform Zeta Network Group announces $6 million registered direct offering pricing

SmartContractAuditor · 2026-03-11T02:15:13+00:00

Zeta Network Group has reached an agreement with institutional investors to issue up to $10 million in convertible notes and warrants, with an initial delivery of $6 million, expected to generate $5.4 million in revenue. The company focuses on the development of Bitcoin-related financial platforms.

SmartContractAuditor

2026-03-11 02:15:13

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Odaily Planet Daily reports that digital infrastructure and fintech company Zeta Network Group (NASDAQ: ZNB) announced that it has reached a securities purchase agreement with institutional investors to issue up to $10 million of 10% original issue discount senior convertible notes and warrants.

The initial tranche of the issuance involves $6 million of notes, expected to generate a total revenue of $5.4 million for the company, with the settlement date around March 12, 2024. This date also marks the effective date of the previously announced 1:100 stock split on NASDAQ. The notes are interest-free and can be converted immediately into Class A common stock after issuance. Additionally, the second tranche of the remaining amount is expected to occur no earlier than May 12, 2024. Zeta Network Group is currently focused on developing an institutional financial platform centered around Bitcoin, covering digital asset management, Bitcoin liquidity aggregation, and sustainable mining. (PR Newswire)

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