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LONDON - Vinanz Limited (BTC:L), a London Stock Exchange (LON:LSEG) Main Market-listed Bitcoin treasury company, announced Wednesday the opening of a retail share offer to raise approximately £1 million through the issuance of about 5.4 million new ordinary shares.
The Winterflood Retail Access Platform (WRAP) offer is priced at 18.5 pence per share and is open to eligible retail investors in the United Kingdom (TADAWUL:4280), including both new and existing shareholders.
The company, which operates Bitcoin mining facilities across the United States and Canada, stated it recently increased its Bitcoin holdings to 65.03 and plans to add more Bitcoin to its balance sheet. Proceeds from the share offer will support the expansion of the company’s business strategy outlined in its recent LSE prospectus.
The WRAP Retail Offer opened immediately following the announcement and is expected to close at 4:30 p.m. on Thursday, July 3, with results anticipated to be announced around Friday, July 4. Admission of the new shares to trading on the London Stock Exchange is expected on Wednesday, July 9.
Eligible participants must be customers of participating intermediaries and meet a minimum subscription requirement of £500. The company noted it reserves the right to amend the offer size, scale back orders, or reject applications without providing reasons.
Vinanz emphasized that applications, once accepted, cannot be withdrawn, and advised potential investors to conduct their own investigations into the investment merits, noting that capital would be at risk.
The information in this article is based on a company press release statement.
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