Zeta Network Group Announces $230.8 Million Private Placement Offering

On October 15, 2025, Zeta Network Group entered into a Securities Purchase Agreement with certain investors for a private placement offering. The company agreed to issue and sell units, each consisting of one Class A ordinary share and one warrant, at a price of $1.7 per unit. The warrants are immediately exercisable for 60 months at an exercise price of $2.55 per share. The gross proceeds from the offering, totaling $230,837,060.2, are payable in SolvBTC, a Bitcoin-backed token. The offering closed on October 17, 2025. The agreement includes customary representations, warranties, and covenants, and the transaction is subject to customary closing conditions. A press release announcing the offering was issued on October 15, 2025.