other material
confidence high
sentiment neutral
materiality 0.70
BTC Digital closes $20M public offering of shares and pre-funded warrants
BTC Digital Ltd.
- Offering of 880,000 shares + 1,620,000 pre-funded warrants at $8.00 per share / $7.999 per warrant.
- Gross proceeds of $20.0M, net proceeds of ~$18.4M after underwriting discounts and expenses.
- Underwriter Aegis Capital Corp. has 45-day option for up to 375,000 additional shares.
- Net proceeds to be used for general corporate purposes, working capital, acquisitions, debt reduction, capex.
- Offering closed on December 9, 2024; securities registered under effective shelf S-3.