secwatch.observer — SEC 8-K summary
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Issuer:     BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)
CIK:        0001829311
Form:       8-K
Filed at:   2026-06-10T21:05:28+00:00
Accession:  0001493152-26-028140
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829311/000149315226028140/0001493152-26-028140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829311/000149315226028140/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-028140

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