TLDR
- Prenetics completed $46.8 million equity offering with potential total proceeds of $212 million through warrant exercises
- Kraken, Exodus, GPTX and American Ventures invested in the David Beckham-backed health tech company
- IM8 wellness brand generated $100 million in annual recurring revenue within 11 months of launch
- Company purchases 1 Bitcoin daily and holds approximately 268-275 BTC worth $30.9 million
- Prenetics targets $1 billion in both annual revenue and Bitcoin holdings within five years
Prenetics closed a public offering on October 27, 2025, raising $46.8 million in gross proceeds. The health sciences company sold 2,992,596 Class A ordinary shares with accompanying warrants at $16.08 per share.
The Hong Kong-based firm could see total proceeds reach $212 million if investors exercise all available warrants. The offering attracted backing from cryptocurrency platforms Kraken and Exodus, along with GPTX and American Ventures.
The oversubscribed round demonstrates investor confidence in Prenetics’ dual strategy. The company plans to expand its wellness business while building a Bitcoin treasury.
IM8 Wellness Brand Expansion Plans
Prenetics will allocate a portion of the funds to scale IM8 globally. The consumer supplement brand achieved $100 million in annual recurring revenue just 11 months after launch.
CEO Danny Yeung outlined plans to reach $1 billion in annual revenue within five years. The rapid growth trajectory positions IM8 as a key driver of company expansion.
David Beckham serves as an equity partner and brand ambassador for Prenetics. His involvement continues as the company pursues its wellness and digital asset objectives.
Daily Bitcoin Accumulation Strategy
The second major use of proceeds involves purchasing Bitcoin for corporate treasury. Prenetics has maintained a strategy of acquiring one Bitcoin per day since beginning accumulation in June 2025.
As of October 27, the company holds between 268 and 275 BTC. Current holdings are valued at approximately $30.9 million based on recent Bitcoin prices.
Prenetics set a goal of accumulating $1 billion worth of Bitcoin within five years. This timeline matches the company’s revenue target for IM8.
The health tech firm joined a growing number of companies adopting Bitcoin treasury strategies in 2025. The approach combines traditional business operations with digital asset holdings.
Warrant Structure and Closing Details
The offering includes two warrant classes with different exercise prices. Class A warrants can be exercised at $24.12 per share, while Class B warrants have an exercise price of $32.16 per share.
Both warrant types become exercisable immediately upon issuance. They remain valid for five years from the issuance date.
Dominari Securities LLC acted as sole placement agent for the transaction. The offering is expected to close on October 28, 2025, subject to standard closing conditions.
The securities were offered under a shelf registration statement on Form F-3. The Securities and Exchange Commission declared the statement effective on September 11, 2025.
PRE shares traded 15% lower in pre-market trading on Monday at $13.80. The company operates from its headquarters in Hong Kong and continues to execute on its combined health and wealth strategy.
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