Cipher Mining enters new $250M ATM equity program; terminates prior H.C. Wainwright deal

Cipher Digital Inc.

Entered Controlled Equity Offering Sales Agreement with Cantor, Canaccord, Needham, Compass Point for up to $250M of common stock at-the-market.
Terminated prior ATM agreement with H.C. Wainwright; net proceeds ~$2.7M from 978,207 shares at average $2.88 per share.
Agents will use commercially reasonable efforts to sell shares on mutually agreed terms; commission up to 3% of gross proceeds.
Company may suspend or terminate offering at any time; no obligation to sell any shares under the agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Cipher Digital Inc. entered into Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co., Canaccord Genuity LLC, Needham & Company, LLC and Compass Point Research & Trading, LLC valued at up to $250,000,000 (effective 2023-08-03).

Action: entry
Agreement: atm program
Counterparty: Cantor Fitzgerald & Co., Canaccord Genuity LLC, Needham & Company, LLC and Compass Point Research & Trading, LLC
Value: up to $250,000,000
Effective: 2023-08-03

Exact text from the filing

On August 3, 2023, Cipher Mining Inc. (the “Company”) entered into a Controlled Equity Offering SM Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co., Canaccord Genuity LLC, Needham & Company, LLC and Compass Point Research & Trading, LLC (each, an “Agent” and, together, the “Agents”), pursuant to which the Company may offer and sell, from time to time through or to the Agents, shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), for aggregate gross proceeds of up to $250.0 million (the “Shares”).

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24 material agreements filed in the last 30 days. Browse all material agreements →

Cipher Digital Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-203906

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