2,380 BTC Deal Ousts Nasdaq Firm Leadership, Dilutes Shares to 5.25%

Woofun AI reports that a governance coup is underway at a Nasdaq-listed entity, driven by ten mystery investors who have structured a deal to oust current leadership while retaining Botao Ma as a director. This strategic takeover plan involves replacing four incumbent directors and the executive team with appointees chosen by the new investors, fundamentally altering the company's operational control.

The financial architecture of the acquisition relies on a fixed valuation of BTC at $65,000, anchored to market prices on July 30. Under this framework, the ten investor entities are allocated 44.2 million units each for a total consideration of $15.47 million, payable via 238 BTC per entity.

Woofun AI data shows that this specific allocation mechanism results in a total payment of 2,380 BTC, establishing a rigid price floor for the transaction regardless of subsequent market volatility.

Structurally, the issuance severely dilutes the pre-PIPE share block, reducing its ownership stake from a base of 49,001,662 shares to approximately 9.98% of the post-closing capitalization. Class B holders simultaneously forfeit their 20-to-one voting advantage, a critical shift in corporate power dynamics. If all new warrants are exercised, the total share count could expand to 933,001,662 shares, further compressing the pre-PIPE block to just 5.25% of the equity pool.

Closing is targeted within 12 business days of July 31, contingent upon securing shareholder votes, Nasdaq clearance, and verification that investors transfer funds to a designated custodian wallet.

However, filings fail to identify the natural-person controllers or confirm the availability of the Bitcoin, leaving the management overhaul and share issuance entirely conditional. This lack of transparency regarding fund verification represents a significant execution risk for the proposed restructuring.