BTC Digital Ltd. announced on December 9, 2024, the successful closing of its previously announced firm commitment underwritten public offering. The offering generated gross proceeds of approximately $20.0 million for the company, prior to the deduction of underwriting fees and other estimated offering expenses.
The offering, which officially closed on December 9, 2024, included the sale of 2,500,000 Ordinary Shares and Pre-Funded Warrants. The public offering price was $8.00 per Common Share, with Pre-Funded Warrants priced at $7.999.
As part of the offering terms, the company had granted Aegis Capital Corp. a 45-day option to purchase up to an additional 15.0% of the Ordinary Shares sold. This option was intended solely to cover any over-allotments that might occur.
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