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AlphaTON Files $420.69 Million Shelf to Scale TON and Cocoon AI Push

The move gives the Nasdaq-listed firm flexibility to fund decentralized GPU infrastructure across Telegram’s ecosystem after exiting SEC baby‑shelf limits.

Overview

  • AlphaTON’s shelf registration allows it to issue securities over time as market conditions permit, marking a shift from prior fundraising caps.
  • Planned uses include building a TON token treasury and deepening participation in Telegram’s newly launched Cocoon AI network.
  • The company says it has deployed Nvidia B200 GPUs and is working with CUDO Compute and AtNorth to expand compute capacity.
  • Deal activity includes an amended agreement to acquire 60% of GAMEE and a planned co‑branded TON Mastercard with PagoPay and ALT5 Sigma.
  • Shares rose about 7.6% at the close following the announcement, according to market reporting.