Top Financings of the Week

This public company just bet $200M on Ethereum

By Taylor Pierce - Wednesday, Aug 6

The Recap

The best information on capital raises and financing activity in under 5 minutes:

  • Fundamental Global Inc. (Nasdaq: FGF) The investment company priced a $200 million private placement of 40 million prefunded common stock warrants to support the launch of its Ethereum treasury strategy, with proceeds funded in cash and cryptocurrencies.

  • Ubtech Robotics Corp Ltd (9880.HK) China’s top maker of humanoid robots, plans to raise about HK$2.41 billion / US$307 million through a share placement in Hong Kong to support its ongoing business operations and expansion plans.

  • Osisko Development Corp. (NYSE: ODV, TSXV: ODV) The gold developer announced a $120 million bought deal private placement of 58.56 million units at US$2.05 per unit to fund the broadly distributed equity portion of the capital required to construct its Cariboo Gold Project.

Source: Ethereum.org

Fundamental Global offers investors a capital markets vehicle engineered for Ethereum - the foundation of digital finance and settlement layer for the majority of stablecoins, DeFi, and tokenized assets. The Company’s structure aims to provide investors with multiple value drivers beyond ETH price appreciation, including staking rewards that support network security and access to tokenized real-world asset opportunities.

The Company recently announced a $200,000,000 financing to launch its Ethereum treasury strategy, which includes participation from Galaxy Digital (Nasdaq: GLXY), one of the world’s leading digital asset investment firms led by CEO Mike Novogratz.

With industry leaders bridging Wall Street, Decentralized Finance, and backed by world-class financial and digital assets institutions, the Company is uniquely positioned to help support the rapid adoption of Ethereum by the global financial ecosystem, which already has stablecoins leading the way.

Shenzhen-based UBTech Robotics, China’s top maker of humanoid robots, announces a capital raise for approximately HK$2.41 billion US$307,000,000 through a share placement in Hong Kong.

UBTech stated that the funds raised will be used to support its ongoing business operations and expansion plans. This includes working capital, project investments, construction and renovation initiatives, as well as repayment of existing loans and interest.

Osisko’s Cariboo Gold Project

Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its flagship permitted 100%-owned Cariboo Gold Project, located in central B.C., Canada.

The Company recently announced a $120 million bought deal private placement of 58.56 million units at US$2.05 per unit to fund the broadly distributed equity portion of the capital required to construct its Cariboo Gold Project.

Top Money Moves

Company

Money Raised ($USD)

Sector

SoFi

$1,500,000,000

Fin Serv

Azul SA

$650,000,000

Aerospace

CEA Industries

$500,000,000

Agriculture

Upexi

$500,000,000

Consumer Goods

Mill City Venture III

$450,000,000

Real Estate

180 Life Sciences

$425,000,000

Biotech

UBTech Robotics

$307,037,144

Robotics 

Annaly Capital Management

$250,000,000

Real Estate

Fundamental Global

$200,000,000

Finance

ZOOZ Power

$180,000,000

Battery

Prime Medicine

$144,200,000

Biotech

Clarity Pharmaceuticals

$132,397,636

Biotech

Ermenegildo Zegna Group

$126,400,000

Fashion

Osisko Development

$120,048,000

Mining

Live Oak Bank

$100,000,000

Banking

Celcuity

$85,000,000

Biotech

Bakkt

$75,000,000

Crypto 

Inmagene Biopharmaceuticals

$75,000,000

Biotech

Innoscience

$69,298,833

Industrial Manufacturing

Larimar Therapeutics

$69,000,000

Biotech

I-Mab Biopharma

$65,000,000

Biotech

InspireMD

$58,000,000

Biotech

NeOnc Technologies

$50,000,000

Biotech

Aeva

$50,000,000

Automotive

VisionWave

$50,000,000

3D Tech

Duos Technologies

$40,000,000

Hardware

MediciNova

$30,000,000

Biotech

Rein Therapeutics

$21,000,000

Biotech

CanFite BioPharma

$15,000,000

Biotech

Orchestra BioMed

$15,000,000

Biotech

H100 Group

$11,367,695

AI

Hercules Metals

$10,936,073

Mining

Soma Gold

$10,935,344

Mining

Tectonic Metals

$9,771,068

Mining

GR Silver Mining

$8,748,275

Mining

AIM IMMUNOTECH INC.

$8,000,000

Biotech

SOS

$7,500,000

Cloud Data

Erayak

$7,000,000

Battery

Dyadic International

$5,750,000

Biotech

Dragonfly Energy

$5,500,000

Automotive

Electra Battery Materials

$5,500,000

Mining

Qualigen

$4,500,000

Biotech

Giglio Group

$4,500,000

E-Commerce

SeaStar Medical

$4,400,000

Health Care

Cube Labs

$4,299,586

Biotech

IM Cannabis

$4,057,195

Cannabis

Eco Oro Minerals

$4,000,000

Mining

Webuy Global

$3,000,000

E-Commerce

Northstar Clean Technologies

$2,624,482

CleanTech

Xcel Brands

$2,600,000

Advertising 

Mustgrow Biologics

$2,179,781

Agriculture

SciBase

$1,938,967

Biotech

Wyld Networks

$1,804,039

Information Technology

Silexion Therapeutics

$1,800,000

Biotech

iSpecimen

$1,750,000

Biotech

Niobay Metals

$1,631,722

Mining

Eskay Mining

$1,443,516

Mining

Kazia Therapeutics

$1,293,787

Biotech

Celyad

$1,162,050

Biotech

Zimtu Capital Corp.

$1,085,674

Banking

Lead Investors

  • CEA Industries: $500,000,000 | Agriculture | Lead Investors: 10X Capital, YZi Labs

  • Aeva: $50,000,000 | Automotive | Lead Investor: LG Innotek

  • I-Mab Biopharma: $65,000,000 | Biotech | Lead Investor: Everest Medicines

  • InspireMD: $58,000,000 | Biotech | Lead Investors: Marshall Wace, OrbiMed

  • NeOnc Technologies: $50,000,000 | Biotech | Lead Investor: Quazar Investment

  • MediciNova: $30,000,000 | Biotech | Lead Investor: Yorkville Advisors

  • Rein Therapeutics: $21,000,000 | Biotech | Lead Investor: Yorkville Advisors

  • Orchestra BioMed: $15,000,000 | Biotech | Lead Investor: Medtronic

  • Cube Labs: $4,299,586 | Biotech | Lead Investor: Algebris Investments

  • SciBase: $1,938,967 | Biotech | Lead Investor: Castle Biosciences

  • Celyad: $1,162,050 | Biotech | Lead Investor: CFIP CLYD

  • Giglio Group: $4,500,000 | E-Commerce | Lead Investor: Fortezza Capital

  • Ermenegildo Zegna Group: $126,400,000 | Fashion | Lead Investor: Temasek Holdings

  • Mill City Venture III: $450,000,000 | Real Estate | Lead Investor: Karatage

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected] 

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