Antalpha Capital's Significant Stake in Prestige Wealth Inc.
Antalpha Capital (HK) Limited and Antalpha Platform Holding Company have filed a Schedule 13D to disclose their significant ownership in Prestige Wealth Inc. Antalpha Capital (HK) Limited participated in a Class B PIPE Financing, purchasing 119,444,446 Class B Ordinary Shares and 119,444,446 warrants for an aggregate price of $43,000,000.56. This investment gives Antalpha Capital (HK) Limited approximately 49.0% of the outstanding Class A Ordinary Shares and 73.1% of the voting power. The Reporting Persons intend to actively participate in the Issuer's management and strategic direction. Concurrently, there were changes in the Issuer's board and executive positions, including the resignation of the CEO and chairman, and the appointment of two new directors by Antalpha Capital (HK) Limited. The Issuer plans to rebrand as Aurelion and focus on acquiring and holding Tether Gold (XAUt) as its primary treasury reserve asset.