Prestige Wealth Completes Approximately $150 Million Financing to Launch XAUT Treasury

BlockBeats News, October 10, according to Globenewswire, Prestige Wealth Inc. (NASDAQ ticker: PWM; AURE) announced that it has participated in and completed a series of synergistic transactions to launch the first Nasdaq Tether Gold (XAUT) treasury. 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, along with a three-year senior debt financing of $50 million. The company intends to use the majority of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. Upon receiving the necessary approvals, the company expects to rename itself "Aurelion Inc." and begin trading under the new ticker symbol (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 amount to approximately $290 million, which includes $50 million from the facility, approximately $100 million from PIPE, and $140 million from the full exercise of warrants issued in the PIPE. Of this, $280 million is expected to be used to purchase Tether Gold (XAU₮).