The listed company Prestige Wealth has completed approximately $150 million in financing to launch the first XAUT treasury on Nasdaq

ChainCatcher news, according to Globenewswire, Prestige Wealth Inc. (NASDAQ: PWM; AURE) announced that it has participated in and completed a series of synergistic transactions to launch the first Tether Gold (XAUT) treasury on Nasdaq.

These transactions include approximately $100 million in private equity investment (PIPE) financing from Antalpha Platform Holding Company, as well as other accredited investors, including Tether and Kiara Capital, and a three-year preferred debt financing of up to $50 million. The company intends to use the majority of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. Following the relevant approvals, the company expects to change its name to "Aurelion Inc." and will trade under the new stock ticker (AURE) starting October 13, 2025.

It is reported that the Aurelion Treasury PIPE includes approximately $43 million subscribed by cornerstone investor Antalpha, as well as subscriptions from other qualified investors, including $6 million from Kiara Capital and $15 million from Tether. Total proceeds are approximately $290 million, which includes $50 million from the facility, about $100 million from the PIPE, and $140 million from the full exercise of warrants issued in the PIPE, of which $280 million is expected to be used to purchase Tether Gold (XAU₮).