AirNet Technology Inc. operates out-of-home advertising platforms in the People's Republic of China. The company provides advertising time slots in the form of digital TV screens on airplanes; and media contents display in air travel; and gas station media network. It also displays non-advertising content, including comedy clips, movie, TV series, sports, local attractions, reality shows, commentaries, and documentaries. In addition, the company develops and operates outdoor advertising platforms in gas stations, such as LED screens, billboards, and light boxes. Further, it operates CIBN-AirNet channel to broadcast network TV programs to air travelers. The company was formerly known as AirMedia Group Inc. AirNet Technology Inc. was founded in 2005 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2007
Exchange: NASDAQ
Website: airmedia.net.cn
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BEIJING, Aug. 28, 2025 /PRNewswire/ -- AirNet Technology Inc. (NASDAQ:ANTE) ("AirNet" or the "Company"), today announced the completion of its previously announced registered direct offering with certain investors. The Company raised gross proceeds of approximately US$180.0 million through the purchase and sale of 80,826,225 of its ordinary shares and accompanying warrants. In a landmark move reflecting its new corporate direction, the proceeds were paid entirely in digital assets, consisting of approximately 819.07 Bitcoin and 19,928.91 Ethereum, before the deduction of offering expenses. This financing solidifies AirNet's strategic transformation into a dedicated participant in the digita
BEIJING, Aug. 22, 2025 /PRNewswire/ -- AirNet Technology Inc. (NASDAQ:ANTE) ("AirNet" or the "Company"), today announced that it has entered into a definitive agreement with investors for the purchase and sale of 80,826,225 of its ordinary shares, par value US$0.04 each (the "Ordinary Shares"), and accompanying warrants (the "Warrants") to purchase up to 80,826,225 Ordinary Shares at a combined purchase price of $2.227 per Ordinary Share and accompanying Warrant in a registered direct offering. The Warrants are immediately exercisable at an exercise price of $3.3405 per Ordinary Share and will expire five years from the date of issuance. The gross proceeds to AirNet from the offering are exp
BEIJING, Aug. 19, 2025 /PRNewswire/ -- AirNet Technology Inc. (NASDAQ:ANTE) ("AirNet" or the "Company") today announced it has engaged Raeez Lorgat as Strategic Advisor. Mr. Lorgat is a recognized expert in both fintech and blockchain. He is the founder and the chief executive officer of Mass Finance Inc., an AI powered bank and financial technology company headquartered in NYC. He also currently serves as the director of Peregrine Limited and the chief executive officer of Persona. In his advisory role, Mr. Lorgat will provide high-level guidance on protocol collaboration strategy, including identifying and evaluating potential partnerships across financial technology and blockchain ecosyst
BEIJING, Aug. 14, 2025 /PRNewswire/ -- AirNet Technology Inc. (NASDAQ:ANTE) ("AirNet" or the "Company") today announced the appointment of Vikram Seth as Fractional Chief Investment Officer. Mr. Seth will provide investment advisory service to the Company's board of directors (the "Board") and strategic investment leadership as AirNet advances its transformation toward Web3 and cryptocurrency initiatives. He will leverage his expertise in bridging institutional finance and the decentralized economy to oversee the Company's digital asset treasury and execute its investment, staking, and DeFi strategies. Mr. Seth founded V38 in January 2024 and currently serves as CEO of V38, where he leads m
BEIJING, Aug. 12, 2025 /PRNewswire/ -- AirNet Technology Inc. (NASDAQ:ANTE) ("AirNet" or the "Company") today announced the appointment of Professor Yu Xiong as Chief Research and Innovation Advisor. In this advisory role, Prof. Xiong will provide strategic counsel to the Company's board of directors and senior leadership as AirNet advances its transformation toward Web3 and cryptocurrency initiatives. Prof. Xiong will guide the Company in shaping AirNet's long-term direction within the evolving Web3 and digital asset landscape, overseeing the innovation pipeline and product roadmap development for new blockchain-based technologies, and identifying strategic partnerships to advance the Compa
BEIJING, July 29, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), announced today that it received a formal notification from the Nasdaq Stock Market LLC ("Nasdaq") on July 24, 2025 that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company's ordinary shares, par value $0.04 each (the "Ordinary Shares") to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's Ordinary Shares has been at $1.00 per share or greater for the last 10 consecutive business days from July 10, 2025, to July 23, 2025. Accordingly, th
BEIJING, May 16, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), today announced that on May 13, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is no longer in compliance with the requirement of maintaining a minimum of $2,500,000 in stockholders' equity for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(b)(1) based on the Company's reported stockholders' equity in its Form 20-F for the year ended December 31, 2024, which is below the foregoing requirement of minimum stockholders' equity. In a
BEIJING, April 28, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), today announced that it will terminate the amended and restated Deposit Agreement dated March 29, 2019, among the Company, JPMorgan Chase Bank N.A. (the "Depositary"), and the holders of American depositary shares (the "ADSs") from time to time, effective May 30, 2025. On or about April 30, 2025, the Depositary of the Company's American depositary receipts (the "ADRs"), will distribute to all holders and beneficial owners of the Company's ADRs a notification regarding the termination of ADR facility for the Company's ADSs pursuant to the Deposit Agreement. The effective date of th
BEIJING, March 18, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), is pleased to announce that Nasdaq has granted the Company an additional 180-day grace period, until September 15, 2025, to regain compliance with the Nasdaq Capital Market's minimum $1.00 bid price per share requirement. AirNet remains fully committed to addressing the bid price deficiency during this extended compliance period. If the Company's closing bid price meets or exceeds $1 per ADS for a minimum of 10 consecutive business days within this timeframe, the Company will be in compliance with that requirement and Nasdaq should close this matter. The Company has demons
BEIJING, March 17, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), today announced the execution of a non-binding Investment Letter of Intent (the "LOI") with LLP STH Corp, a Kazakstan company. This LOI creates the initial step of planned investment in the 130MW liquid-cooled Bitcoin mining farm project in Kazakhstan. The planned project involves the investment in and construction of a 70MW national grid-powered facility and a 60MW natural gas self-generation facility, both utilizing liquid-cooling technology to enhance operational efficiency and extend equipment lifespan. This project is expected to not only result in technical improvement? but
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BEIJING, Aug. 14, 2025 /PRNewswire/ -- AirNet Technology Inc. (NASDAQ:ANTE) ("AirNet" or the "Company") today announced the appointment of Vikram Seth as Fractional Chief Investment Officer. Mr. Seth will provide investment advisory service to the Company's board of directors (the "Board") and strategic investment leadership as AirNet advances its transformation toward Web3 and cryptocurrency initiatives. He will leverage his expertise in bridging institutional finance and the decentralized economy to oversee the Company's digital asset treasury and execute its investment, staking, and DeFi strategies. Mr. Seth founded V38 in January 2024 and currently serves as CEO of V38, where he leads m
BEIJING, Aug. 12, 2025 /PRNewswire/ -- AirNet Technology Inc. (NASDAQ:ANTE) ("AirNet" or the "Company") today announced the appointment of Professor Yu Xiong as Chief Research and Innovation Advisor. In this advisory role, Prof. Xiong will provide strategic counsel to the Company's board of directors and senior leadership as AirNet advances its transformation toward Web3 and cryptocurrency initiatives. Prof. Xiong will guide the Company in shaping AirNet's long-term direction within the evolving Web3 and digital asset landscape, overseeing the innovation pipeline and product roadmap development for new blockchain-based technologies, and identifying strategic partnerships to advance the Compa
BEIJING, Jan. 3, 2025 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), today announced the appointment of Assentsure PAC ("Assentsure") as the Company's independent registered public accounting firm to replace Audit Alliance LLP ("Audit Alliance"), effective January 2, 2025. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. During each of the years ended December 31, 2022 and 2023, and during the subsequent period through January 2, 2025, there have been
HOUSTON, Sept. 9, 2022 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), today announced changes in its board of directors (the "Board") and management. Change in Management Ms. Dan Shao ("Ms. Shao"), the spouse of Mr. Herman Man Guo ("Mr. Guo"), has been appointed as the Company's chief executive officer to replace Mr. Guo, effective from September 9, 2022. Mr. Guo has resigned as chief executive officer of the Company for personal reasons, effective from September 9, 2022. Mr. Guo's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices
BEIJING, Jan. 4, 2022 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (NASDAQ:ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced the appointment of Audit Alliance LLP ("Audit Alliance") as the Company's independent registered public accounting firm to replace Marcum Bernstein & Pinchuk LLP ("MBP"), effective December 31, 2021. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the board of directors of the Company (the "Board") and the audit committee of the Board. During the fiscal years end