CleanCore Solutions, Inc. (NYSE American: ZONE), today announced the closing of its private investment in public equity (PIPE) financing. The offering raised aggregate gross proceeds of $175,000,420, prior to deducting placement agent fees and other offering related expenses (funded in a combination of cash and cryptocurrencies). The Company intends to use the net proceeds of the offering to acquire Dogecoin (or “DOGE”) and integrate DOGE into its treasury operations, where it will serve as the Company’s primary treasury reserve asset and provide funding for general working capital and corporate purposes.
Completion of the transaction has created the official Dogecoin treasury of the Dogecoin Foundation and the House of Doge, the authorized Commercial Arm of the Dogecoin Foundation. Marco Margiotta, Chief Executive Officer of the House of Doge has joined the Company as Chief Investment Officer. House of Doge and 21Shares will serve to support and advise the treasury.The transaction consisted of marquee institutional and crypto native investors including, but not limited to, MOZAYYX, Pantera, GSR, FalconX, Borderless, and Mythos.
Maxim Group LLC and Curvature Securities LLC acted as the co-placement agents in connection with the private placement. Seward & Kissel LLP acted as counsel to the lead investor, House of Doge. Bevilacqua PLLC acted as counsel to the Company. Lucosky Brookman LLP acted as counsel to the placement agents.
