08:49 AM EDT, 05/14/2025 (MT Newswires) -- Antalpha Platform ( ANTA ) said Wednesday it priced an initial public offering of its roughly 3.9 million shares at $12.80 each, aiming to raise about $49.3 million in gross proceeds.

The company said it has granted underwriters a 30-day option to buy 577,500 additional shares. If fully exercised, the proceeds could total about $56.7 million, it added.

Shares are expected to begin trading Wednesday on the Nasdaq Global Market under the symbol ANTA, the company said.

Antalpha Platform ( ANTA ) also said it plans to use the net proceeds for general corporate purposes, including product development and global expansion.

The offering is scheduled to close Thursday, the company added.