Shares of Top Win surged 25% in pre-market trading following the announcement of Sora Ventures going public on Nasdaq via a partnership with Top Win.
Sora Ventures will integrate into Top Win’s existing publicly traded framework instead of launching its own IPO, with founder Jason Fang becoming Co-CEO alongside Tony Ngai as part of the company rebranding to 'AsiaStrategy.'
Top Win is pivoting toward blockchain technology, Web3, and digital assets, planning to adopt a Bitcoin-based treasury model and leverage Sora Ventures' expertise in institutional Bitcoin management for investment strategies in Asia.
The partnership aims to incorporate Sora Ventures’ investment strategy, known for Bitcoin treasury allocations for publicly traded companies in Asia, into Top Win's operations to drive growth in emerging markets.