M&A
confidence high
sentiment positive
materiality 0.95
Shuttle Pharmaceuticals to acquire United Dogecoin, becomes public Dogecoin miner with $11M PIPE
Shuttle Pharmaceuticals Holdings, Inc.
- Merger consideration: 8,000 Series B-1 preferred shares convertible into ~32.3M common shares at $1.24 per share.
- Concurrent $11M PIPE via Series B-2 convertible preferred and warrants; conversion price $1.03 per share.
- United Dogecoin plans 3,000 ElphaPex mining rigs; targets 43,200 GH/s (~1.5% of global Dogecoin hash rate).
- Ryan Trasolini (United Dogecoin CEO) to become co-CEO of combined company; closing expected May 4, 2026.