PANews reported on December 5th that, according to GlobeNewswire, AlphaTON Capital announced it has withdrawn from the SEC's "baby shelf" funding restrictions and filed a $420.69 million shelf registration statement. The funds will be used to expand the GPU computing infrastructure supporting the Telegram Cocoon AI network and to acquire profitable companies within the Telegram ecosystem. The company will also continue to increase its holdings of Toncoin and related digital assets, and strengthen its TON ecosystem through strategic acquisitions and infrastructure deployment.

Note:

Baby Shelf Rule: The SEC restricts the amount of funding that companies with a market capitalization of less than $75 million can raise through a simplified process within one year.

Shelf registration: A pre-registration document submitted by a publicly traded company to the SEC, which facilitates flexible and multiple rounds of financing in the future without requiring separate approval for each round.