8-K
filed July 27, 2021, 7:59 PM ET
ticker BMNR
CIK 0001829311
other material
confidence high
sentiment neutral
materiality 0.75
Sandy Springs Holdings: new directors acquire 56% control; company to enter Bitcoin mining business
BITMINE IMMERSION TECHNOLOGIES, INC.
- New directors Jonathan Bates, Raymond Mow, Michael Maloney, Seth Bayles acquired 21.45M shares, controlling 56% of common stock.
- Company plans to create a hosting center for Bitcoin mining computers using immersion cooling and mine Bitcoin for its own account.
- Shareholders approved name change to BitMine Immersion Technologies, Inc. by 55% of outstanding shares.
- Erik S. Nelson resigned as CFO and corporate secretary; Raymond Mow appointed CFO, Seth Bayles corporate secretary.
- Class A and B warrant exercise prices corrected to $2.00 and $5.00 per share, respectively, from $0.20 and $0.40.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Bates was appointed as Chairman at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chairman
Exact text from the filing
and to appoint Jonathan Bates as Chairman
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Raymond Mow was appointed as Chief Financial Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On the same day the Company’s board of directors appointed Raymond Mow as chief financial officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erik S. Nelson resigned as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Corporate Secretary
Exact text from the filing
On July 16, 2021, Erik S. Nelson resigned as chief financial officer and corporate secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Seth Bayles was appointed as Corporate Secretary at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Corporate Secretary
Exact text from the filing
appointed Raymond Mow as chief financial officer, and Seth Bayles as corporate secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Erik S. Nelson resigned as Chief Financial Officer at BITMINE IMMERSION TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
On July 16, 2021, Erik S. Nelson resigned as chief financial officer and corporate secretary.
View on SEC.gov
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