PANews reported on January 16 that, according to Globenewswire, Nasdaq-listed AlphaTON Capital, a TON treasury firm, announced a $15 million fundraising through a registered offering of 15,000,000 common shares at $1 each. HC Wainwright & Co. acted as the sole placement agent for the offering. The company stated that it plans to use the net proceeds to expand Cocoon AI's GPU deployment, replenish working capital, and for general corporate purposes.