24/7 Market News Snapshot 22 August, 2025 – AirNet Technology Inc. Ordinary Share (NASDAQ:ANTE)

August 22, 2025

DENVER, Colo., 22 August, 2025 (www.247marketnews.com) – (Nasdaq:ANTE) are discussed in this article.
AirNet Technology Inc. (Nasdaq:ANTE) is experiencing notable momentum in the market, having opened at $2.10 and currently trading at $2.512, marking a substantial increase of 14.18% from yesterday’s close of $2.20. This surge indicates strong bullish sentiment among investors, driven by an impressive trading volume of 1.00 million shares, suggesting heightened interest and potential sustainability of this price movement. Traders are advised to monitor key resistance levels around $2.65 and support at $2.20, as sustained high volumes could affirm the strength of this upward trajectory.

In a strategic expansion move, AirNet Technology has entered into a definitive agreement for a registered direct offering to raise approximately $180 million. This agreement includes the purchase and sale of 80,826,225 ordinary shares at a combined purchase price of $2.227 per share and warrant. Each warrant allows investors to acquire additional shares at an exercise price of $3.3405, exercisable immediately for a duration of five years. The proceeds from this offering are earmarked for enhancing corporate and working capital initiatives, reflecting AirNet’s commitment to advancing its innovation and operational capabilities.

The closing of this offering is anticipated on or about August 27, 2025, pending standard closing conditions and will be detailed in a current report on Form 6-K filed with the U.S. Securities and Exchange Commission (SEC). The offering will be conducted under an effective “shelf” registration statement previously approved by the SEC, with related documents available for review on their website.

AirNet’s strategic funding endeavors position the company to strengthen its competitive edge and support ongoing technological advancements, underlining its growth trajectory within the technology sector.

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