Bitmine Immersion Technologies gibt die Preisgestaltung für die aufgestockte Emission von unbefristeten Vorzugsaktien der Serie A bekannt
Bitmine Immersion Technologies, Inc. announced its pricing for an increase in its public offering of Series A 9.50% perpetual preferred stock, registering 3,500,000 shares at a public offering price of $80.00 per share. The increase expands on the previously announced offering of 3,000,000 shares. The offering is expected to close on June 10, 2026, subject to customary closing conditions.
The company estimates that the net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses, will be approximately $273.8 million. The net proceeds are intended for general corporate purposes, which include acquiring additional ETH and other digital assets, expanding the company’s staking and validator infrastructure, operating capital, strategic investments in alignment with the Ethereum ecosystem, and the repurchase of common stock under its buyback program.
The Series A preferred stock will receive cumulative dividends at a fixed rate of 9.50% per annum on a par value of $100 per share, payable weekly as declared by the board of directors. If a regular dividend is not paid at the respective payment date, additional dividends will accrue. The company has the discretion to adjust the frequency of dividend payments and increase the overall dividend by a maximum of 260 basis points annually.
The Series A preferred stock has a liquidation preference initially set at $100 per share and is subject to adjustments based on trading activity. The company has submitted an application to list the Series A preferred stock on the New York Stock Exchange under the symbol "BMNP." If approved, trading is expected to commence within 30 days following the issuance date.
Moelis & Company and Cantor are acting as co-lead book-runners for the offering. The offering will take place under an effective Shelf Registration Statement filed with the Securities and Exchange Commission on July 9, 2025. An electronic version of the preliminary prospectus supplement and accompanying prospectus is available on the SEC's website.