TLDR
- Prenetics raised $46.8 million in an equity offering, with potential total proceeds reaching $212 million if warrants are exercised
- Investors include Kraken, Exodus, GPTX and American Ventures backing the health tech company’s expansion plans
- Funds will support global expansion of IM8 wellness brand, which reached $100 million in annual recurring revenue in 11 months
- Company is accumulating Bitcoin at a rate of 1 BTC per day and currently holds approximately 268-275 BTC
- David Beckham remains an equity partner and brand ambassador as the Hong Kong-based firm pursues dual goals of $1 billion in revenue and Bitcoin holdings within five years
Prenetics has completed a public offering that raised $46.8 million in gross proceeds. The health sciences company sold nearly 3 million Class A ordinary shares and accompanying warrants at $16.08 per share.
The Hong Kong-based firm announced the pricing of its equity offering on October 27, 2025. The deal could generate up to $212 million in total proceeds if all warrants are exercised.
The offering includes two classes of warrants. Class A warrants can be exercised at $24.12 per share. 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 following the issuance date.
Dominari Securities LLC served as the sole placement agent for the transaction. The offering is expected to close on October 28, 2025, pending customary closing conditions.
Several investors participated in the oversubscribed round. Kraken, Exodus, GPTX and American Ventures were among the backers.
Funding IM8 Global Growth
Prenetics plans to use the funds for two main purposes. The first priority is expanding IM8, its consumer wellness brand globally.
IM8 achieved $100 million in annual recurring revenue within 11 months of operation. CEO Danny Yeung stated the company aims to reach $1 billion in revenue within five years.
The rapid growth of IM8 has positioned Prenetics to scale its operations internationally. The company views the wellness brand as a key revenue driver.
Bitcoin Treasury Strategy
The second use of proceeds involves purchasing Bitcoin for corporate treasury. Prenetics has been acquiring one Bitcoin per day as part of its accumulation strategy.
As of October 27, 2025, the company holds between 268 and 275 BTC. The current value of these holdings stands at approximately $30.9 million based on recent Bitcoin prices.
Prenetics made its first Bitcoin purchase in June 2025. The company joined other healthcare firms adopting a Bitcoin treasury approach earlier this year.
The firm describes its approach as a “health and wealth strategy.” This combines its core wellness business with digital asset accumulation.
Prenetics set a goal of holding $1 billion worth of Bitcoin within five years. This target runs parallel to its $1 billion revenue objective.
The securities were offered under a shelf registration statement on Form F-3. The Securities and Exchange Commission declared this statement effective on September 11, 2025.
PRE shares traded 15% lower in pre-market trading on Monday at $13.80. David Beckham remains an equity partner and brand ambassador for the company.
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