According to news from Bijie.com on December 5, AlphaTON Capital announced that it has exited the SEC “baby shelf” financing restriction and has filed a $420.69 million shelf registration statement. The funds are planned to be used to expand GPU computing infrastructure supporting the Telegram Cocoon AI network and to acquire revenue-generating companies within the Telegram ecosystem. The company will also continue to increase its holdings of Toncoin and related digital assets, and will strengthen its TON ecosystem presence through strategic mergers and acquisitions and infrastructure deployment.
Baby shelf rule: An SEC regulation that limits financing for companies with a market cap below $75 million, restricting the amount they can raise in a year through simplified procedures.
Shelf registration: A type of preregistration filing submitted to the SEC by publicly listed companies, allowing them to raise funds multiple times in the future flexibly without requiring separate approval for each instance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
AlphaTON exits "Baby Shelf" rules, submits $420 million registration to advance AI and TON investment
According to news from Bijie.com on December 5, AlphaTON Capital announced that it has exited the SEC “baby shelf” financing restriction and has filed a $420.69 million shelf registration statement. The funds are planned to be used to expand GPU computing infrastructure supporting the Telegram Cocoon AI network and to acquire revenue-generating companies within the Telegram ecosystem. The company will also continue to increase its holdings of Toncoin and related digital assets, and will strengthen its TON ecosystem presence through strategic mergers and acquisitions and infrastructure deployment.
Baby shelf rule: An SEC regulation that limits financing for companies with a market cap below $75 million, restricting the amount they can raise in a year through simplified procedures.
Shelf registration: A type of preregistration filing submitted to the SEC by publicly listed companies, allowing them to raise funds multiple times in the future flexibly without requiring separate approval for each instance.