Bitmine Immersion Technologies BMNRFinancing
Bitmine agrees to sell 36,309,592 shares in a private placement to buy ETH
Filed Jul 3, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On June 30, 2025, it agreed to sell 36,309,592 common shares at $4.50 per share to cash investors.
- Pre-funded warrants for up to 11,006,444 shares are priced at $4.4999 each.
- Investors paying in ETH or BTC will buy 8,804,122 common shares at $4.50 per share.
- Net proceeds will buy ETH, and the board must be reduced to five members within 90 days of closing.
Items reported
- 1.01 Material agreement
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.