<a href="https://laohu8.com/S/BMNR">BitMine Immersion Technologies Inc.</a> Announces Private Placement Offering, Raising Funds to Expand Blockchain and Decentralized Finance Services
BitMine Immersion Technologies Inc. has announced a private placement offering involving securities purchase agreements with accredited investors. The company plans to sell and issue a total of 36,309,592 shares of common stock at $4.50 per share and pre-funded warrants to purchase up to 11,006,444 additional shares. In a separate cryptocurrency offering, BitMine will issue 8,804,122 shares of common stock, with payments made in ETH or BTC. ThinkEquity LLC is acting as the sole placement agent for these offerings. The company has also agreed to certain restrictions on issuing new shares or reclassifying its common stock for a specified period, and it will reduce its Board of Directors to five members within 90 days following the closing of the offerings.
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