other material
confidence high
sentiment neutral
materiality 0.65
Mawson raises ~$5M in registered direct offering; amends existing warrants to $3.23
Big Digital Energy, Inc.
- Issued 2,083,336 shares (or pre-funded warrants) at $2.40 per share, raising ~$5M gross.
- Concurrent private placement of warrants to buy up to 2,604,170 shares at $3.23, exercisable in 6 months for 5.5 years.
- Existing July 2022 warrants for 1,666,667 shares amended: exercise price cut from $6.06 to $3.23.
- Net proceeds to be used for digital infrastructure buildout, strategic transactions, and working capital.
- Offering closed May 8, 2023; H.C. Wainwright acted as exclusive placement agent.