secwatch.observer — SEC 8-K summary
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Issuer:     BTC Digital Ltd. (BTCT)
CIK:        0001796514
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001213900-24-107009
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BTC Digital closes $20M public offering of shares and pre-funded warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796514/000121390024107009/0001213900-24-107009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796514/000121390024107009/ea0224043-8k_btcdigi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-107009

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