BTC Digital Ltd. announced on December 12, 2024, that the underwriter of its recent public offering has exercised its option to purchase additional Ordinary Shares. This exercise involved 228,853 Ordinary Shares at the public offering price of $8.00 per share.
The exercise of this over-allotment option resulted in additional gross proceeds of approximately $1.8 million for the company. This brings the total number of Ordinary Shares sold in the public offering to 1,108,853 shares.
Consequently, the total gross proceeds from the offering, including the over-allotment, increased to approximately $8.8 million, before deducting underwriting fees and other estimated offering expenses. The closing of this over-allotment option exercise was expected on December 12, 2024.
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