Antalpha Charts Strategic Path Forward with Major Shareholder Approval on Capital Restructuring

Singapore-based fintech platform Antalpha (Nasdaq: ANTA) has successfully executed a comprehensive corporate restructuring following overwhelming shareholder approval at an extraordinary general meeting held on July 21, 2025. The voting assembly demonstrated strong stakeholder confidence, with 19.3 million shares participating—representing 81.6% of total outstanding ordinary shares as of the June 20, 2025 record date.

Dual-Class Share Structure Takes Center Stage

The cornerstone of Antalpha’s restructuring initiative involves implementing a dual-class voting architecture. Under the newly approved framework, the company has re-designated its authorized share capital structure into two distinct share classes. Class A Ordinary Shares carry standard one-vote-per-share privileges, while the newly created Class B Ordinary Shares grant twenty votes per share—subject to specific conditions. Notably, Class B shareholders retain conversion rights, allowing them to exchange holdings into Class A shares at their discretion, though Class A shares cannot be converted in either direction.

This structural innovation expands the company’s authorized capital from US$50,000 (50 million shares) to US$62,500 (62.5 million shares), introducing an additional 12.5 million authorized shares to the capitalization structure.

Authorized Capital Expansion and Governance Modifications

Shareholders ratified multiple interconnected resolutions to operationalize this transition. The authorized share capital increase received overwhelming support, with 19.3 million votes in favor against only 17,324 opposing votes. The dual-class structure proposal and share re-designation garnered nearly identical approval metrics, each securing approximately 99.8% voting support.

To formalize these changes, Antalpha has amended its Memorandum and Articles of Association to establish the legal framework supporting the dual-class arrangement. Under the revised governance structure, Class A and Class B shares carry identical par values of US$0.001 while maintaining their distinct voting mechanisms.

Executive Incentive Program Aligned with Growth Milestones

In a move designed to align leadership interests with shareholder value creation, the board authorized a substantial equity grant for the company’s Chairperson and CEO. The approved incentive package offers up to 1.5 million Class B Ordinary Shares, structured with performance-based vesting conditions. The first tranche of 750,000 shares vests upon the company achieving a US$1 billion market capitalization milestone, while the remaining 750,000 shares unlock at a US$2 billion valuation threshold.

This stock incentive program operates under Antalpha’s 2024 Share Incentive Plan framework, which provides flexibility in grant structures including options, restricted share units, and alternative equity instruments.

Treasury Management Strategy Embraces Digital Asset Holdings

Shareholders also approved a treasury management initiative that positions Antalpha to accumulate digital assets as part of its corporate capital strategy. The framework authorizes the company and its board to issue shares or other securities for fundraising purposes, enabling the acquisition of digital gold through both direct ownership and subsidiary/investee structures—potentially including publicly listed entities.

This treasury approach reflects evolving corporate practices among fintech companies operating within the digital asset ecosystem.

Voting Results Reflect Broad Consensus

The exceptional participation rate and vote distributions underscore stakeholder alignment across all major initiatives. The Treasury Management Plan Proposal attracted 19.29 million affirmative votes with minimal dissent, while the CEO and Chairperson Grant Proposal secured 19.3 million votes in favor with only 22,041 votes against. Even the most contested resolution—the Share Re-designation Proposal—achieved 99.8% approval rates.

About Antalpha’s Market Position

Antalpha operates as a specialized fintech platform serving the digital asset and Bitcoin mining sectors. Through its Antalpha Prime technology ecosystem, the company delivers comprehensive solutions encompassing mining finance, margin lending, and risk management infrastructure. The platform enables institutional clients to originate digital asset loans, optimize portfolio management, and access collateral monitoring capabilities with near-instantaneous data feeds.

This restructuring represents a significant milestone in Antalpha’s evolution as a publicly traded fintech entity, positioning the company for continued growth within the Bitcoin mining and digital asset financing markets.