09:48 AM EDT, 10/08/2025 (MT Newswires) -- Zeta Network ( ZNB ) said Wednesday it has agreed with certain investors to purchase and sell 15 million of its class A ordinary shares, or pre-funded warrants, at $1 per share in a registered direct offering, for expected gross proceeds of about $15 million.

The deal is expected to close on or about Thursday, the entertainment and education company said.

Shares were down over 44% in recent trading.

Price: 1.88, Change: -1.52, Percent Change: -44.71