Company announces new ticker (formerly ATNF) and will begin trading on NASDAQ under ETHZ on August 18, 2025
Company has accumulated 94,675 ETH at an average acquisition price of $3,902.20, which is now valued at approximately $419 million
ETHZilla Corporation today announced the official launch of its new brand as part of the Company’s transition to focus on its recently announced Ethereum treasury strategy. Previously operating as 180 Life Sciences Corp., ETHZilla will focus a significant portion of its non-legacy operations on becoming an accumulation vehicle for Ether (ETH) that is built for the community, by the community. In addition to the rebrand, the Company’s common stock and public warrants will begin trading on The Nasdaq Capital Market under the new ticker symbols “ETHZ” and “ETHZW”, as of market open on August 18, 2025, replacing the Company’s previous ticker symbols “ATNF” and “ANTFW”, respectively. No action is required from stockholders in relation to this change.
Since the closing of the Company’s previously disclosed $425 million private placement of common stock and pre-funded warrants (PIPE) and $156.25 million convertible note offering, the Company has accumulated 94,675 ETH at an average acquisition price of $3,902.20, which is now valued at approximately $419 million. In addition to the ETH, ETHZilla holds approximately $187 million in USD cash equivalents.
“Today, we are embracing our identity as ETHZilla and our commitment to developing a market-leading strategy that seeks to bring the value of Ethereum to investors in the public markets,” said McAndrew Rudisill, Executive Chairman of the Board of Directors of the Company. “We are launching this new brand and our new treasury strategy with significant interest from the market and valuable partnerships with prominent Ethereum ecosystem founders and leaders.”
Successful Private Placement & Convertible Note Expected to Ensure Next Phase of Growth
The rebrand to ETHZilla follows the successful closing of the Company’s private placement and convertible note offering, which raised approximately $565 million in gross proceeds, before placement agent fees and offering expenses (the “Private Placements”). Over 60 institutional and crypto-native investors participated in the PIPE transaction including:
- Harbour Island;
- Electric Capital;
- Polychain Capital;
- GSR;
- Borderless Capital;
- Omicron Technologies;
- Konstantin Lomashuk (Co-Founder Lido and p2p.org);
- Sreeram Kannan (Founder, Eigenlayer);
- Mike Silagadze (Founder, Ether.fi);
- Danny Ryan (Co-Founder, Etherealize);
- Vivek Raman (Co-Founder, Etherealize);
- Sam Kazemanian (Co-Founder, Frax);
- Grant Hummer (Co-Founder of Etherealize);
- Robert Leshner (Founder, Compound and Superstate);
- Tarun Chitra (Founder, Gauntlet);
and several other prominent Ethereum ecosystem founders and leaders.
Capital Deployment Strategy Underway to Begin Significant ETH Accumulation
The Company has already begun allocating a significant portion of the net proceeds from the Private Placements for the purchase of ETH, provided the Company continues to support its iGaming operations and is working to monetize its legacy biotech intellectual property assets.
Electric Capital is serving as the external asset manager for ETHZilla, and plans to implement a differentiated, on-chain yield generation program designed with the goal of outperforming traditional ETH staking, while maintaining robust risk management, to leverage a combination of staking, lending, liquidity provisioning and bespoke private agreements.
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