---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-020553"
form_type: "8-K"
ticker: "CNTN"
cik: "0001861657"
company_name: "Canton Strategic Holdings, Inc."
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:56:53.353581+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Tharimmune raises ~$540M in private placement for Canton Coin treasury; appoints Wendland CEO of DAT

## Summary
- Gross proceeds ~$540M from sale of common stock/pre-funded warrants at $3.075/share; closing expected Nov 6, 2025.
- Lead investors DRW and Liberty City Ventures; 20+ participants include ARK Invest, Kraken, Polychain Capital.
- Proceeds to acquire Canton Coin (CC) and operate as Super Validator on the Canton Network.
- Mark Wendland appointed CEO of digital asset treasury strategy; Mark Toomey appointed President.
- Shareholder approval required for crypto pre-funded warrants; failure by May 13, 2026 triggers return of CC.

## SEC filing metadata
- accession: 0001493152-25-020553
- form_type: 8-K
- ticker: CNTN
- cik: 0001861657
- company_name: Canton Strategic Holdings, Inc.
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861657/000149315225020553/0001493152-25-020553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861657/000149315225020553/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020553
- JSON: https://secwatch.observer/filing/0001493152-25-020553.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020553.txt

## Key facts
- Equity Issuances
  Canton Strategic Holdings, Inc. issued warrant to certain accredited investors (the Cryptocurrency Purchasers) for $3.075 less $0.0001.
  - Security: warrant
  - Purchaser: certain accredited investors (the Cryptocurrency Purchasers)
  - Consideration: $3.075 less $0.0001
  source text: On November 3, 2025, the Company entered into securities purchase agreements (the " Cryptocurrency Securities Purchase Agreements ," and together with the Cash Securities Purchase Agreements, the " Securities Purchase Agreements ") with certain accredited investors (the " Cryptocurrency Purchasers ," and together with the Cash Purchasers, the " Purchasers ") pursuant to which the Company agreed to sell and issue to the Cryptocurrency Purchasers in a private placement (the " Cryptocurrency Offering ," and together with the Cash Offering, the " Offerings ") (i) pre-funded warrants (" Cryptocurrency Pre-Funded Warrants " and, together with the Cash Pre-Funded Warrants, the " Pre-Funded Warrants ") to purchase shares of Common Stock (" Cryptocurrency Pre-Funded Warrant Shares " and, together with the Cash Pre-Funded Warrant Shares, the " Pre-Funded Warrant Shares ") at an offering price of $3.075 less $0.0001
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861657/000149315225020553/0001493152-25-020553-index.htm
- Equity Issuances
  Canton Strategic Holdings, Inc. issued warrant to certain accredited investors (the Cash Purchasers) for offering price of the Per Share Cash Purchase Price less $0.0001 per Cash Pre-Funded Warrant.
  - Security: warrant
  - Purchaser: certain accredited investors (the Cash Purchasers)
  - Consideration: offering price of the Per Share Cash Purchase Price less $0.0001 per Cash Pre-Funded Warrant
  source text: and/or pre-funded warrants (the " Cash Pre-Funded Warrants ") to purchase shares of the Common Stock (the " Cash Pre-Funded Warrant Shares " and together with Cash Pre-Funded Warrants, the " Cash Securities ") at an offering price of the Per Share Cash Purchase Price less $0.0001 per Cash Pre-Funded Warrant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861657/000149315225020553/0001493152-25-020553-index.htm
- Equity Issuances
  Canton Strategic Holdings, Inc. issued an aggregate offering of either shares of common stock of common stock to certain accredited investors (the Cash Purchasers) for $3.075 per Cash Share.
  - Security: common stock
  - Shares: an aggregate offering of either shares of common stock
  - Purchaser: certain accredited investors (the Cash Purchasers)
  - Consideration: $3.075 per Cash Share
  source text: On November 3, 2025, Tharimmune, Inc. (the " Company ") entered into securities purchase agreements (the " Cash Securities Purchase Agreements ") with certain accredited investors (the " Cash Purchasers ") pursuant to which the Company agreed to sell and issue to the Cash Purchasers in a private placement offering (the " Cash Offering ") an aggregate offering of either shares (the " Cash Shares ") of common stock of the Company, par value $0.0001 per share (the " Common Stock ") at an offering price of $3.075 per Cash Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861657/000149315225020553/0001493152-25-020553-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.