Gate News Announcement, March 11 — Nasdaq-listed Bitcoin financial company Zeta Network announced that it has signed a securities purchase agreement to raise $10 million through the issuance of convertible promissory notes and warrants. The initial tranche of funds amounts to $6 million, with the remaining funds expected to be delivered by May 12. Zeta Network is currently developing a Bitcoin-centric institutional financial platform that integrates digital asset fund management, Bitcoin liquidity aggregation, and Bitcoin mining operations.

Zeta Network Group will conduct a 100-for-1 reverse stock split on March 12 to increase the share price and meet NASDAQ listing requirements. After the split, Class A common shares will decrease from approximately 158 million shares to about 1.58 million shares, aiming to strengthen its position in Bitcoin financial technology.