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BEIJING - AirNet Technology Inc. (NASDAQ:ANTE), currently trading at $3.52 after a significant 24.7% decline over the past week, announced Thursday it will change its name to "Yueda Digital Holding" and its ticker symbol from "ANTE" to "YDKG" effective September 19, 2025.
The name change follows the company’s receipt of a Certificate of Incorporation on Change of Name from the Registry of Companies, Cayman Islands, on September 11, 2025.
According to results from the company’s Extraordinary General Meeting furnished to the Securities and Exchange Commission on September 5, shareholders approved the re-designation of shares, with each ordinary share being re-designated as one Class A ordinary share and each preferred share as one Class B ordinary share.
The company’s CUSIP number will remain unchanged.
Yueda Digital Holding describes itself as a Web3 and digital-economy company focused on long-term accumulation of mainstream cryptocurrencies. Its business activities include treasury management of digital assets, exploration of yield opportunities such as staking, investments in Web3 infrastructure, and advisory services for enterprises entering the digital-asset economy.
The information in this article is based on a company press release statement.
In other recent news, AirNet Technology Inc. has announced a $180 million registered direct offering involving 80,826,225 ordinary shares and accompanying warrants, with a combined purchase price set at $2.227 per share and warrant. The offering is expected to close soon, subject to customary closing conditions, and the warrants will be exercisable immediately at $3.3405 per share, expiring in 2030. Additionally, AirNet Technology has received approximately 296,367 Solana tokens from a warrant exercise, marking a strategic shift in its business direction, although the company has not disclosed the tokens’ market value or intended use. In another development, the company issued an amendment to clarify its share capital structure and reverse split plans, seeking shareholder approval to re-designate its shares into Class A and Class B categories. Furthermore, AirNet Technology has scheduled an extraordinary shareholder meeting, with materials already filed and a proxy statement prepared for distribution. The specific date and agenda for this meeting have not been disclosed. These developments highlight AirNet Technology’s ongoing strategic and financial maneuvers.
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