Bit Digital Inc. Announces Full Exercise of Underwriters' Option in Public Offering, Secures Additional $21.4 Million

Reuters
07-02
Bit Digital Inc. Announces Full Exercise of Underwriters' Option in Public Offering, Secures Additional $21.4 Million

Bit Digital Inc. has announced that the underwriters of its recent underwritten public offering have fully exercised their option to purchase an additional 11,250,000 ordinary shares. This move has generated additional net proceeds of approximately $21.4 million for the company. Overall, the offering resulted in the issuance and sale of 86,250,000 ordinary shares, with total net proceeds around $162.9 million after expenses. The company plans to use these funds to purchase Ethereum. B. Riley Securities served as the sole bookrunning manager, while Clear Street, Craig-Hallum, and Northland Capital Markets acted as co-managers for the offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Digital Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN22473) on July 01, 2025, and is solely responsible for the information contained therein.

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