Investors welcomed reduced dilution, AI expansion plans and share consolidation.
- BTC Digital led the gains after raising $7 million in a private placement, with potential proceeds of up to $28 million through warrants.
- Cheetah Net ended its at-the-market stock sale agreement with AC Sunshine Securities, eliminating a source of future share issuance.
- Paranovus Entertainment’s 1-for-100 reverse stock split came into effect on Monday.
BTC Digital (BTCT), Net Supply Chain Service (CTNT), and Paranovus Entertainment Technology (PAVS) stocks posted double-digit gains in after-hours trading on Monday as investors reacted to corporate actions aimed at reshaping capital structures and reducing future shareholder dilution.
BTCT Secures AI Expansion Funding
BTC Digital was the biggest gainer after raising new funds from institutional investors to support its transition from cryptocurrency mining to AI infrastructure.
The financing provides about $7 million in immediate gross proceeds, with the potential to raise as much as $28 million if associated warrants are exercised. The company said the funding marks the beginning of construction on its planned AI computing center in Georgia.
The newly raised capital will finance the initial phase of an 8-megawatt AI computing facility in Georgia. BTC Digital expects a portion of the facility to become operational within roughly six months, with AI hosting revenue anticipated after the company secures its first anchor customer.
Future expansion could increase the site's AI computing capacity to about 20 megawatts within a total 25-megawatt property.
BTC Digital stock traded 105% higher overnight. On Stocktwits, retail sentiment around the stock jumped to ‘bullish’ from ‘bearish’ territory the previous day.
CTNT Ends ATM Facility
Cheetah Net Supply Chain Service ended its at-the-market (ATM) stock sales agreement with AC Sunshine Securities, bringing an end to a financing arrangement that previously allowed the company to issue shares over time.
The move, disclosed in a SEC filing, became effective at the close of business on June 26 and removes an avenue for future share sales under the agreement.
Before the agreement was canceled, Cheetah Net had issued millions of shares through the ATM program. Prior to implementing a 1-for-200 reverse stock split in April, the company sold 355 million shares, equivalent to 1.775 million shares after adjusting for the split.
Following the reverse split, the company issued another 1 million shares, bringing the split-adjusted total sold under the program to 2.775 million shares.
Cheetah Net Supply Chain Service stock traded 27% higher overnight. Retail sentiment around the stock jumped to ‘bullish’ from ‘bearish’ territory the previous day.
PAVS Shrinks Share Count
Paranovus Entertainment Technology completed a 1-for-100 reverse stock split that became effective on Monday. The transaction reduced the company's outstanding Class A shares to fewer than one million.
Following the reverse split, Paranovus' outstanding Class A ordinary shares declined from more than 85.6 million to approximately 856,851 shares. The company previously carried out multiple reverse stock splits, including a 1-for-12 split in March 31, 2026 and a 1-for-100 split in December 2025. It also received a Nasdaq delisting notice in December but regained compliance the following month.
Paranovus Entertainment stock traded over 41% higher overnight. Retail sentiment around the stock remained in ‘bearish’ territory.
So far this year, both CTNT and PAVS stocks have plunged 99%, while BTCT stock has declined 47%.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
