CleanCore Solutions Shares Drop After $175 Million Private Investment
By Chris Wack
CleanCore Solutions shares were 47% lower, at 43.63, after the company said it has entered into securities purchase agreements for a private investment in public equity for the offer and sale of 175 million pre-funded warrants at $1 per warrant.
The company said it plans to use the proceeds of the offering to implement a Dogecoin treasury strategy.
CleanCore said it expects to see proceeds of $175 million before deducting placement agent fees and other offering expenses, funded in a combination of cash and cryptocurrencies.
Timothy Stebbing will join the company's board. Marco Margiotta will be joining CleanCore as chief investment officer.
The closing of the offering is expected to occur on or about Thursday. The company intends to use the proceeds of the offering to buy Dogecoin, which will serve as the company's primary treasury reserve asset.
The stock hit its 52-week high of $7.82 on Friday, and is up 116% in the past 12 months.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
September 02, 2025 12:52 ET (16:52 GMT)
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