Overview
- The company sold about 2,992,596 Class A shares (or pre-funded warrants) with accompanying Class A and B warrants at $16.08, with strike prices of $24.12 and $32.16 that are immediately exercisable for five years.
- Total proceeds could reach roughly $216 million if all warrants are exercised, with closing expected on or around October 28 under a Form F-3 shelf led by Dominari Securities as sole placement agent.
- Proceeds will fund the global rollout of IM8, which hit approximately $100 million in annual recurring revenue in 11 months, and management is reviewing non-core units for potential divestment.
- Prenetics is executing a 1 BTC-per-day plan begun August 1 and held about 275 BTC as of October 27, with a stated five-year goal of $1 billion in bitcoin holdings alongside $1 billion in annual revenue.
- Backers include Kraken, Exodus, GPTX, DL Holdings, and American Ventures, with Aryna Sabalenka and Adrian Cheng increasing stakes, and PRE shares fell about 22% Monday to $13.08 before a modest after-hours rebound.