AirNet Technology appoints Vikram Seth as fractional CIO

BEIJING - AirNet Technology Inc. (NASDAQ:ANTE), a micro-cap technology company with a market value of $10.75 million, has appointed Vikram Seth as Fractional Chief Investment Officer to provide investment advisory services to the company’s board and lead its strategic investments in Web3 and cryptocurrency initiatives, according to a press release issued Thursday. The stock has shown significant volatility, with a 169% gain over the past six months despite a recent 28% drop last week.

Seth, who founded V38 in January 2024, will oversee AirNet’s digital asset treasury and execute investment, staking, and DeFi strategies. Prior to this appointment, he served as Head of Web3 Innovation at Shell plc (LSE:SHEL) from July 2023 to June 2025, where he developed enterprise-grade applications on public blockchains.

During his tenure at Shell, Seth launched projects including the sustainable aviation fuel platform Avelia and supply-chain solution Falcon on Polygon.

"Vikram’s proven ability to deliver real-world blockchain solutions is a perfect fit for our vision," said Dan Shao, Chief Executive Officer of AirNet, in the company statement.

The appointment comes as AirNet continues its transformation toward Web3 and cryptocurrency initiatives. Seth will leverage his experience in connecting institutional finance with decentralized economy principles in his new role.

AirNet Technology Inc. is listed on the Nasdaq exchange under the ticker ANTE.

In other recent news, AirNet Technology Inc. has announced the appointment of Professor Yu Xiong as Chief Research and Innovation Advisor to lead the company’s shift toward Web3 and cryptocurrency initiatives. Professor Xiong will provide strategic guidance to AirNet’s board and senior leadership, focusing on the digital asset landscape and fostering innovation pipeline development. Additionally, AirNet Technology has 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 ten consecutive business days. Despite this achievement, AirNet has been notified by the Nasdaq Listing Qualifications Staff about its failure to meet the minimum stockholders’ equity requirement. The company reported stockholders’ equity below the necessary $2.5 million threshold in its annual report for the year ending December 31, 2024. AirNet must submit a compliance plan by June 27, 2025, to address this issue, with the possibility of receiving an extension of up to 180 days if the plan is accepted.

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