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xTAO Announces US$7.3M Investment by Off the Chain Capital
xTAO Announces US$7.3M Investment by Off the Chain Capital Canada NewsWire GRAND ...
About this update from Xtao Inc.
[{"type":"text","content":"\n\n\nxTAO Announces US$7.3M Investment by Off the Chain Capital\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nGRAND CAYMAN, Cayman Islands, Nov. 5, 2025 /CNW/ - xTAO Inc. (TSXV: XTAO.U) (OTC: XTAIF) (the \"Company\" or \"xTAO\"), a publicly traded technology company focused on building infrastructure for Bittensor and its decentralized AI ecosystem, is pleased to announce a strategic investment by a single purchaser on a non-brokered private placement basis consisting of the sale of 9,479,090 pre-funded warrants (the \"Pre-Funded Warrants\") at a price of US$0.77 per Pre-Funded Warrant (the \"Offering Price\") for aggregate gross proceeds equivalent to US$7,298,900 (the \"Offering\").\nFollowing completion of the Offering, xTAO's total TAO holdings are expected to increase by approximately 41.5%, resulting in an increase of approximately 6.2% in TAO per share. This financing further strengthens xTAO's position as one of the largest publicly traded holders of TAO and enhances its validator footprint within the Bittensor network. The Company's primary validator is currently ranked among the top three performing validators by yield, according to independent tracking data from taoyield.com.\nEach Pre-Funded Warrant will automatically convert, for no additional consideration, into one common share of the Company (each, a \"Warrant Share\") on a rolling and indefinite basis until all Warrant Shares reserved thereunder have been issued, provided that no Warrant Shares will be issued if such issuance would result in the holder beneficially owning more than 9.99% of the Company's issued and outstanding common shares (the \"Beneficial Ownership Limitation\").\nThe Offering was subscribed entirely by Off the Chain Capital, an institutional investor focused on long-term digital asset exposure, and is expected to close on or about the week of November 10, 2025.\n\"We believe Bittensor represents one of the most important open-source networks of our time,\" said Brian Estes, Chief Investment Officer of Off the Chain Capital. \"xTAO is building the institutio...