Securities and Exchange Commission (the "SEC") on Jand declared effective by the SEC on May 17, 2022. 333-258329) originally filed with the U.S.
Cleanspark price target registration#
The securities described above are being offered by BIT Mining pursuant to a "shelf" registration statement on Form F-3 (File No.
The Company intends to use the net proceeds of the registered direct offering to invest in mining machines, build new data centers, expand infrastructure, and improve working capital position. The gross proceeds from the offering (without taking into account any proceeds from any future exercises of warrants issued), before deducting the placement agent's fees and other estimated offering expenses payable by the Company, are expected to be approximately US$16 million. The Series B Warrants will have an exercise price of $1.00 per ADS, will be exercisable at any time upon issuance and will expire 2.5 years from the date of issuance. The Series A Warrants will have an exercise price of $1.10 per ADS, will be exercisable at any time upon issuance and will expire 5 years from the date of issuance. Wainwright & Co., LLC is acting as the exclusive placement agent for the offering. The offering is expected to close on or about June 27, 2022, subject to satisfaction of customary closing conditions. Each ADS represents ten (10) Class A ordinary shares, par value US$0.00005 per share, of BIT Mining. HONG KONG, J/PRNewswire/ - BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 16,000,000 of the Company's American Depositary Shares ("ADSs") (or pre-funded warrant to purchase certain ADSs ("ADS Equivalent") in lieu thereof), Series A Warrants to purchase up to an aggregate of 16,000,000 ADSs and Series B Warrants to purchase up to an aggregate of 16,000,000 ADSs, at a combined purchase price of US$1.00 per ADS (or ADS Equivalent) and associated warrants, in a registered direct offering.
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