secwatch.observer — SEC 8-K summary
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Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0001213900-25-095533
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bit Digital prices $150M 4% convertible notes due 2030; net proceeds ~$143M for ETH purchases
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- Offering upsized from $100M to $150M; underwriters' over-allotment option exercised in full on Sept 30.
- 4.00% coupon, maturity Oct 1, 2030; initial conversion rate 240.3846 shares/$1,000 ($4.16/sh, 30% premium).
- Net proceeds $143.3M after discounts and expenses; funds to buy Ethereum and for general corporate.
- Notes are senior unsecured; holders may convert to cash, shares, or combination at Co.'s election.
- Redemption allowed on or after Oct 6, 2028 if stock price >=130% conversion price for 20 of 30 trading days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025095533/0001213900-25-095533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025095533/ea0259669-8k_bitdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-095533

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