DOGE Treasury Move: CleanCore Solutions (ZONE) Raises $175M in PIPE While Shares Plunge 70% Pre-Market

CleanCore Solutions, Inc. (NASDAQ: ZONE) disclosed that it has entered into a Securities Purchase Agreement to issue and sell 175,000,420 pre-funded warrants in a private investment in public equity (PIPE) transaction, aiming to raise approximately $175 million in net proceeds, after placement agent fees and other offering expenses.

According to market quotes, shares of ZONE fell by more than 70% in pre-market trading following the firm’s announcement regarding its DOGE Treasury strategy, reflecting immediate investor reassessment of the financing and strategic disclosure.

The company indicated the expected net proceeds—funded via a combination of cash and cryptocurrency—are earmarked to implement the DOGE Treasury strategy, with transaction details governed by the terms of the purchase agreement and related offering documents.