secwatch.observer — SEC 8-K summary
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Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001213900-25-059080
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bit Digital prices 75M-share offering at $2/sh for ~$150M gross to buy Ethereum
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- 75,000,000 shares priced at $2.00 public price; underwriter option for 11.25M additional shares.
- Net proceeds to company: ~$141.5M (~$162.9M if option exercised in full).
- Company intends to use net proceeds to purchase Ethereum.
- B. Riley Securities is sole bookrunner; Clear Street, Craig-Hallum, Northland co-managers.
- Offering closed on June 27, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025059080/0001213900-25-059080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025059080/ea0247253-8k_bitdigit.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-059080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer