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CleanCore raises $175M for dogecoin treasury in private placement; stock plunges
CleanCore Solutions is raising $175M through a private placement to establish a dogecoin treasury, with over 80 investors joining a deal backed by the Dogecoin Foundation and House of Doge, it said on Tuesday. Shares of the cleaning products producer tumbled 51% after the news. DOGE, meanwhile, was little changed in the last 24 hours at $0.21 apiece. CleanCore agreed to offload 175M pre-funded warrants at a price of $1.00 each. The offering is expected to close on or about Sept. 4. The company plans to use the net proceeds of the offering to buy popular memecoin Dogecoin, which will serve as ZONE's primary treasury ... (full story)
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