Knack Packaging files DRHP

Knack Packaging files DRHP

Mega Matrix Inc. (NYSE American: MPU), a New York Stock Exchange-listed company, has submitted a $20 billion universal shelf registration statement (Form F-3) to the U.S. Securities and Exchange Commission (SEC). This move is part of the company's strategy to build the world's largest Stablecoin Governance Token (DAT) company [1].

The registration statement supports MPU's plans to systematically raise funds to accumulate leading Stablecoin Governance Tokens. Notably, the company had previously announced that the Ethena Governance Token (ENA) would be the primary target of its DAT strategy [1].

In a separate development, Gemini, a crypto exchange founded by the Winklevoss twins, is set to go public. The company plans to list its shares on the Nasdaq under the symbol "GEMI" [2]. The IPO documents show plans to sell 16.66 million shares at an expected offering range of $17 to $19, indicating a market cap of $2.1 billion at the midpoint. The company aims to net approximately $272 million in proceeds from the IPO [2].

Gemini's public debut is expected to be another notable IPO in the crypto sector, following stablecoin issuer Circle (CRCL) and Peter Thiel-backed crypto exchange Bullish (BLSH) [2]. The company's revenue for the first half of 2025 was $68.6 million, with a net loss of $282.5 million [2].

References:
[1] https://www.lookonchain.com/feeds/27719
[2] https://finance.yahoo.com/news/winklevoss-twins-behind-cryptos-next-175005670.html