Figma Shares Indicated To Open $105/$110
Bitmine Immersion (NASDAQ:IMMR) Technologies, Inc. (NYSE:BMNR) announced Wednesday that it has closed the sale of 337,500 additional shares of its common stock through the full exercise of an over-allotment option by its underwriter, ThinkEquity LLC. The option was exercised at a price of $7.40 per share, resulting in gross proceeds of approximately $2.7 million to the company.
The over-allotment option was part of a previously reported public offering that closed on June 6, in which Bitmine Immersion Technologies sold 2,250,000 shares of its common stock at a public offering price of $8.00 per share. The underwriter was granted a 45-day option to purchase up to 337,500 additional shares at 92.5% of the public offering price.
According to a press release statement, the underwriter notified the company of its decision to fully exercise the over-allotment option on Tuesday, and the transaction closed Wednesday.
Bitmine Immersion Technologies is incorporated in Delaware and is listed on the NYSE American LLC under the ticker BMNR. The information in this article is based on a statement filed with the Securities and Exchange Commission.
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