On Monday, Oct. 27, 2025, Prenetics Global Limited announced a public offering of 2,992,596 Class A ordinary shares and/or pre‑funded warrants, together with warrants to purchase up to 5,985,192 Class A shares, priced at $16.08 per share. The gross proceeds are expected to be approximately $48 million, with a potential total of $216 million if all warrants are exercised.
The offering was led by Dominari Securities LLC and attracted a distinguished group of institutional and individual investors, including Kraken, American Ventures, Exodus, XtalPi, DL Holdings, GPTX by Jihan Wu, and others. The double‑warrant structure allows investors to exercise Class A warrants at $24.12 and Class B warrants at $32.16 per share, both exercisable immediately and expiring five years later.
The capital raise will bolster Prenetics’ balance sheet, providing roughly $100 million in cash and about 275 BTC valued at $31 million as of Oct. 27, 2025, strengthening liquidity and supporting the company’s strategic focus on expanding the IM8 consumer health brand and accelerating its Bitcoin treasury program. The offering is expected to close on or around Oct. 28, 2025, subject to customary closing conditions.
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