Bit Digital (BTBT) shares have slipped 8% to the US Market Open, going to $ 2.92 after the company announced a convertible ticket offer of $ 135 million.
Bit Digital has increased the size of the tickets for elderly convertible people by 4.00% from $ 100 million. Firm takers have an option of 30 days to buy up to an additional $ 15 million. The notes will mature on October 1, 2030, unless you are converted, bought or bought.
The initial conversion price is set at $ 4.16 per share, which represents a premium of 30% compared to the closing price of September 29 of September 29 of September 29. The net product should be around $ 128.9 million, or $ 143.3 million if firm takers fully exercise their option.
Digital bit intended to use the funds mainly to buy ether . Currently, the company holds 121,252 ETH at an average acquisition cost of $ 2,635.
A similar sale occurred last week with Cipher Mining (CIFR), whose stocks dropped by 19% in two days after a program of convertible tickets.
