BitMine Urges Shareholders to Vote in Favour of Increasing Authorized Share Capital
MT Newswires Live
Jan 02
BitMine Immersion Technologies (BMNR), in a regulatory filing Friday, urged shareholders to vote in favour of a proposal to amend its charter and increase the company's authorized capital to 50 billion common shares from 500 million.
Shareholders will vote on the proposal in a meeting scheduled for Jan. 15.
The company said that the increased number of shares for issuance will enable capital market activities and potential share splits.
Bitmine shares were up more than 5% in recent trading.
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