Antelope Enterpri

Capital allocation has relied on frequent equity issuance, two reverse splits in 2025 and 2026, and a highly dilutive 3.0 million dollar convertible note that converts at 90 percent of the lowest prior‑day trading price, subject to caps.

Equity compensation was heavy in 2025 and there is a de‑minimis 95 thousand dollars repurchase authorization tied to 190 thousand dollars Bitcoin gains under the new “Genius Plan.” Strategy expansion into US energy supply and digital assets introduces complexity without clear synergies or returns history.