BitMine Immersion Technologies raises $200M+ in private placement of common stock and pre-funded warrants

BITMINE IMMERSION TECHNOLOGIES, INC.

Private placement of ~45.1M shares at $4.50 and 11.0M pre-funded warrants at $4.4999, with minimum proceeds of $200M.
Proceeds will be used to acquire ETH for treasury; at least 20% for blockchain validation, lending, or DeFi services.
Placement agent ThinkEquity receives 2.5% cash fee and warrants to purchase 2.5% of securities at $5.40 per share.
Company must reduce board to five members within 90 days of closing.
Registration rights agreement requires filing of resale registration statement within 20 days of closing.

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