Prenetics Global Limited Announces Oversubscribed Equity Offering

Prenetics Global Limited (NASDAQ: PRE) announced the successful pricing of a public offering of 2,992,596 Class A ordinary shares and/or pre-funded warrants, along with accompanying Class A and Class B warrants, at a combined price of $16.08 per unit. The gross proceeds are expected to be approximately $48 million, with potential total proceeds of $216 million if all warrants are exercised. The offering, led by Dominari Securities LLC, was supported by a distinguished group of institutional and individual investors, including Kraken, American Ventures, and Exodus. The funds will fuel IM8’s global expansion and Bitcoin treasury strategy. IM8 has achieved $100 million in annual recurring revenue within 11 months of launch and is projected to generate $180 to $200 million in revenue in 2026. Prenetics plans to divest other business units to focus on IM8 and Bitcoin accumulation, aiming for $1 billion in annual revenue and $1 billion in Bitcoin holdings within five years.