Apr. 2 at 8:52 PM
$ZNB $ZNB See the attached from the Prospectus filed on March 13, 2026!
On October 15, 2025, “The Company received aggregated gross proceeds of US
$230,837,060 from the offering.” — in form of 2,000 SolvBTC (1:1 Bitcoin). They still should have those 2000 “Bitcoins” worth
$130 millions today
That’s why, Looks like, the
$6M financing is likely a strategic tool for existing/related investors to increase control, average down, and manage liquidity—rather than just a simple capital raise.
They likely transformed a
$170 cost basis into a ~
$40–60 effective position, while keeping upside optionality through the recent warrants above
$18.51.
I, as a retail investor, just need to show patience while they complete their conversion and I continue to accumulate, and potentially win like these institutional investors! People make their own conclusion/decision!
