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AirNet Receives Solana in Warrant Exercise

1. AirNet Technology Inc. received 296,367 SOL from warrant exercise. 2. This influx aligns with AirNet's new strategic direction. 3. CEO Dan Shao emphasizes investor confidence via warrant exercise. 4. Exercise of warrants follows prior financing round. 5. The issuance indicates positive sentiment toward AirNet's future.

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Why Bullish?

The receipt of Solana enhances liquidity and investor confidence, potentially boosting stock prices. Historical examples show similar digital asset transactions positively impacted tech stocks.

How important is it?

The announcement is significant for ANTE, providing immediate liquidity and reflecting investor support. This can attract interest from new and existing investors, influencing future stock prices.

Why Short Term?

Immediate positive sentiment likely to affect ANTE in the coming weeks due to liquidity boost. However, long-term effects depend on strategic execution.

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SOLBTCETHTSLAAAPL
, /PRNewswire/ -- AirNet Technology Inc. (Nasdaq: ANTE) ("AirNet" or the "Company") today announced that it has received approximately 296,367 Solana (SOL) as a result of a recent warrant exercise. The exercised warrants originate from a previous financing round. This influx of digital assets aligns with AirNet's recent strategic pivot. "This warrant exercise, paid in a prominent digital asset like Solana, is a testament to the confidence our investors have in our new direction," said the CEO Dan Shao, of AirNet. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules. SOURCE AirNet Technology Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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