Welcome to our dedicated page for Airnet Technology news (Ticker: ANTE), a resource for investors and traders seeking the latest updates and insights on Airnet Technology stock.
AirNet Technology Inc. (ANTE) delivers cutting-edge in-flight connectivity solutions while pioneering digital advertising and cryptocurrency mining ventures. This Nasdaq-listed company serves as your definitive source for official corporate announcements and operational developments across all business segments.
Access real-time updates on strategic partnerships, technological advancements in satellite communications infrastructure, and financial performance metrics. Our curated news collection enables investors to track:
- Major contract wins in aviation entertainment systems
- Innovations in passenger-facing digital advertising platforms
- Expansion of cryptocurrency mining operations
- Regulatory developments affecting in-flight connectivity services
Bookmark this page for immediate access to verified ANTE press releases, ensuring you never miss critical updates about this unique hybrid of aviation technology and digital asset innovation.
AirNet Technology (NASDAQ:ANTE) has announced a significant $180.0 million registered direct offering of ordinary shares and warrants. The company will sell 80,826,225 ordinary shares at $2.227 per share, with accompanying warrants to purchase an equal number of shares.
The warrants are immediately exercisable at $3.3405 per share and will expire in five years. The offering is expected to close around August 27, 2025. The proceeds will be used for general corporate and working capital purposes. The securities are being offered through an effective shelf registration statement previously filed with the SEC.
AirNet Technology (NASDAQ: ANTE) has appointed Raeez Lorgat as Strategic Advisor to strengthen its fintech and blockchain initiatives. Lorgat, founder and CEO of Mass Finance Inc., brings expertise in both traditional fintech and Web3 protocols. His role will focus on protocol collaboration strategy, developing Bitcoin and Ethereum treasury frameworks, and providing strategic market insights.
The advisory team will include Professor Yu Xiong from the University of Surrey, combining academic and financial expertise. This strategic appointment aims to position AirNet for long-term growth in digital assets and align the business with emerging financial technology trends.
AirNet Technology (NASDAQ:ANTE) has appointed Vikram Seth as Fractional Chief Investment Officer to guide the company's strategic expansion into Web3 and cryptocurrency initiatives. Seth, the founder and CEO of V38, brings significant blockchain expertise from his previous role as Head of Web3 Innovation at Shell plc, where he led the development of enterprise blockchain solutions including Avelia and Falcon on Polygon.
In his new role, Seth will provide investment advisory services to AirNet's board and lead the company's digital asset treasury management, including investment, staking, and DeFi strategies. The appointment aligns with AirNet's strategic transformation toward Web3 technologies and cryptocurrency initiatives.
AirNet Technology (NASDAQ:ANTE) has appointed Professor Yu Xiong as Chief Research and Innovation Advisor to guide the company's transformation into Web3 and cryptocurrency initiatives. Prof. Xiong, who currently serves as Associate Vice President at the University of Surrey and chairs the Advisory Board for the UK All-Party Parliamentary Group on Metaverse and Web 3.0, will provide strategic counsel to AirNet's board and senior leadership.
In his role, Prof. Xiong will be responsible for shaping the company's long-term direction in the Web3 and digital asset landscape, overseeing the innovation pipeline, developing product roadmaps for blockchain-based technologies, and identifying strategic partnerships. His expertise includes co-authoring a Nature Communications study on Bitcoin blockchain sustainability in China.
AirNet Technology (NASDAQ:ANTE) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal notification from Nasdaq on July 24, 2025, confirming that its ordinary shares maintained a closing bid price of $1.00 or higher for 10 consecutive business days from July 10 to July 23, 2025.
This development resolves the previous bid price deficiency issue, ensuring AirNet's continued listing on the Nasdaq exchange. The compliance achievement marks a significant milestone for the company in maintaining its market presence.
AirNet Technology (Nasdaq: ANTE) received a notification from Nasdaq on May 13, 2025, indicating non-compliance with the minimum stockholders' equity requirement of $2.5 million for continued listing on the Nasdaq Capital Market. The company's reported stockholders' equity in its Form 20-F for the year ended December 31, 2024, fell below this threshold. Additionally, AirNet does not meet alternative compliance standards for market value or net income.
Nasdaq has given AirNet 45 calendar days, until June 27, 2025, to submit a compliance plan. If accepted, Nasdaq may grant an extension of up to 180 calendar days from the notification date. The notification has no immediate effect on the listing of AirNet's American depositary shares.
AirNet Technology Inc. (Nasdaq: ANTE) has announced the termination of its amended and restated Deposit Agreement with JPMorgan Chase Bank N.A., effective May 30, 2025. The termination affects the company's American depositary shares (ADSs) and American depositary receipts (ADRs).
On April 30, 2025, JPMorgan will notify all ADR holders about the facility termination. Upon the effective date, ADSs will be automatically cancelled through a Mandatory Exchange, where holders will receive one ordinary share (par value $0.04) for each cancelled ADS.
AirNet Technology (Nasdaq: ANTE) has received an additional 180-day grace period from Nasdaq, extending until September 15, 2025, to regain compliance with the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market.
The company can achieve compliance if its closing bid price remains at or above $1 per ADS for at least 10 consecutive business days during this period. AirNet has confirmed compliance with all other Nasdaq listing requirements, including market value of publicly held shares and shareholder equity thresholds.
To maintain its Nasdaq listing, AirNet is considering various measures, including a potential ADS ratio change or reverse stock split.
AirNet Technology (Nasdaq: ANTE) has announced signing a non-binding Investment Letter of Intent (LOI) with Kazakhstan-based LLP STH Corp to develop a 130MW liquid-cooled Bitcoin mining farm in Kazakhstan. The project encompasses:
- A 70MW national grid-powered facility
- A 60MW natural gas self-generation facility
The planned facilities will utilize liquid-cooling technology to enhance operational efficiency and extend equipment lifespan. LLP STH Corp specializes in advanced liquid-cooled Bitcoin mining solutions and data center management, with strategic partnerships securing reliable power sources at competitive rates.
The LOI is non-binding, with terms, structure, and timing yet to be agreed upon. AirNet plans to conduct full legal and business due diligence of LLP STH Corp. This investment aligns with AirNet's strategic expansion in blockchain technology applications and the data center sector.
AirNet Technology Inc. (Nasdaq: ANTE) has announced the appointment of Assentsure PAC as its new independent registered public accounting firm, replacing Audit Alliance LLP effective January 2, 2025. The change was approved by both the board of directors and the audit committee.
The company reported no disagreements with Audit Alliance on accounting principles, financial statements, or auditing procedures during 2022, 2023, and through January 2, 2025. Additionally, there were no reportable events during this period. AirNet confirms that no prior consultations occurred with Assentsure regarding accounting principles, audit opinions, or financial reporting issues before their engagement.
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