M&A
confidence high
sentiment neutral
materiality 0.50
Riot Platforms registers 8.2M shares for resale as part of Rhodium asset acquisition and settlement
Riot Platforms, Inc.
- Company filed prospectus supplement registering up to 8,200,000 shares for resale by Rhodium 2.0 LLC.
- Shares issued as consideration for acquisition of specific assets of Rhodium Encore LLC by Riot subsidiary Whinstone US, Inc.
- Registration also covers settlement of all disputes between Riot and Rhodium under Bankruptcy Rule 9019.
- Riot receives no proceeds; shares sold by selling stockholder Rhodium 2.0 LLC.