Bitmine Immersion issues 3.5M shares of 9.50% Series A Perpetual Preferred Stock

BITMINE IMMERSION TECHNOLOGIES, INC.

Issued 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock, stated value $100 per share, in a public offering.
Dividends accumulate weekly at 9.50% per annum; unpaid dividends compound at increasing rate up to a 15% maximum.
Series A ranks senior to common stock for dividends and liquidation; liquidation preference adjusts based on trading price.
Company may redeem all shares for cash at 110% of stated value if within 18 months, declining to 100% after three years.
Holders have voting rights on amendments and can elect directors if dividends unpaid for 12 or 18 months.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BITMINE IMMERSION TECHNOLOGIES, INC.: Filed Certificate of Designations for 9.50% Series A Perpetual Preferred Stock, establishing its terms (effective 2026-06-10).

Change: charter amendment
Effective: 2026-06-10

Exact text from the filing

The information set forth above in this Current Report under Item 3.03 is incorporated by reference into this Item 5.03.

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BITMINE IMMERSION TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-028140

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