Shares of CleanCore Solutions (ZONE) sharply plunged on Tuesday after the company announced a $175 million private placement to establish a digital asset treasury focused on popular memecoin dogecoin DOGE$0.2121.
The transaction involved the sale of 175 million pre-funded warrants at $1 each. More than 80 investors participated, including big-name digital asset firms Pantera, GSR and FalconX. Proceeds will be used to acquire DOGE for CleanCore’s treasury and support corporate operations.
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