ANTA Overview

Company Renaming: Aurelion Inc. has officially changed its name from Prestige Wealth Inc. and will trade under the new name on NASDAQ starting November 26, 2025.

Funding and Acquisition: The name change follows a successful $100 million PIPE investment led by Antalpha Platform Holding Company, which, along with a $50 million senior debt facility, enabled Aurelion to acquire $134 million in Tether Gold (XAU₮).

Focus on Tokenized Gold: Aurelion aims to capitalize on business opportunities in the growing market of tokenized gold, positioning itself as NASDAQ's first Tether Gold Real World Asset (RWA) company.

About Tether Gold: Tether Gold (XAU₮) is a digital asset representing physical gold, available as an ERC-20 token on the Ethereum blockchain, allowing for easy trading and movement 24/7.

Analyst Ratings Initiations: Mizuho analyst John Roberts initiated coverage on Qnity Electronics with an Outperform rating and a price target of $110, while B. Riley Securities analyst Griffin Boss rated Phoenix Education Partners as a Buy with a target of $60.

Additional Analyst Coverage: TD Cowen analyst Tyler Van Buren initiated coverage on MBX Biosciences with a Buy rating, and B. Riley's Hal Goetsch rated Antalpha Platform Holding as a Buy with a target of $14.

Twist Bioscience Rating: Stephens & Co. analyst Steven Etoch initiated coverage on Twist Bioscience Corporation with an Overweight rating and a price target of $41.

Current Stock Prices: As of Monday, Qnity Electronics closed at $97.00, Phoenix Education at $36.00, MBX Biosciences at $20.61, Antalpha Platform at $10.81, and Twist Bioscience at $31.57.

Company Name Change and Investment: Prestige Wealth Inc. plans to be renamed Aurelion Inc. and has secured a $100 million private placement, with Antalpha investing approximately $43 million to acquire controlling voting rights.

Tether Gold Treasury: Aurelion will anchor its treasury exclusively in Tether Gold (XAU₮), aiming to enhance liquidity and provide a safe haven against inflation and market volatility.

Strategic Collaboration: Antalpha's partnership with Tether aims to expand the digital gold ecosystem, allowing for the redemption of gold bars with Tether Gold, thereby increasing access to tokenized gold.

Future Plans and Governance: Following the investment, Antalpha holds a significant stake in Aurelion, which is expected to stabilize operations and facilitate further fundraising for additional Tether Gold purchases.