Bitmine Immersion Technologies annuncia il prezzo dell'offerta ampliata di azioni privilegiate perpetue di Serie A
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) has announced the price of its upsized public offering of 3,500,000 shares of Series A perpetual preferred stock at a public offering price of $80.00 per share. This reflects an increase from its previously announced offering of 3,000,000 shares. The issuance and sale of the Series A preferred shares are expected to close on June 10, 2026, subject to customary closing conditions.
The company anticipates that the net proceeds from the offering will amount to approximately $273.8 million, after deducting underwriting discounts, commissions, and estimated offering expenses. The net proceeds will be used for general corporate purposes, which may include the acquisition of additional ETH and other digital assets; expansion of the company’s staking and validation infrastructure, including through MAVAN; working capital; strategic investments aligned with the Ethereum ecosystem and broader adoption of digital assets; and/or the repurchase of the company's common stock under its stock repurchase program.
The Series A preferred shares will accrue cumulative dividends at a fixed rate of 9.50% per annum on the stated amount of $100 per Series A preferred share, regardless of whether funds are available legally for payment. Ordinary dividends on the Series A preferred shares will be payable when and if declared by the company's board of directors, using legally available funds for payment, on a delayed weekly basis, although the company may choose at its sole discretion to pay ordinary dividends more frequently in the future.
Bitmine Immersion Technologies has applied for the listing of the Series A preferred shares on the New York Stock Exchange under the symbol "BMNP". Should the listing be approved, trading is expected to commence within 30 days of the initial issuance of the Series A preferred shares.
Moelis & Company and Cantor are serving as joint lead bookrunners for the offering. The offering is being conducted under a shelf registration statement that became effective on July 9, 2025. The offering will be made only by means of a prospectus supplement and related prospectus included in the registration statement.