AlphaTON Capital, the treasury firm behind TON, has completed a $15 million registered direct offering of common stock.

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According to a report by TechFlow NEWSWIRE on January 16, AlphaTON Capital Corp (NASDAQ: ATON), a TON treasury company, has completed a $15 million registered direct offering. The offering consisted of 15 million shares of common stock (or prepaid warrants) at a price of $1.00 per share.

HC Wainwright & Co. acted as the sole placement agent for this offering. The company plans to use the net proceeds to expand Cocoon AI's GPU deployment, for working capital, and for general corporate purposes.

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