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Bitmine Immersion (NASDAQ:IMMR) Technologies, Inc. (NYSE American:BMNR) announced Thursday that it has filed a supplement to its at-the-market (ATM) offering prospectus, increasing the maximum amount of common stock that may be sold under its existing Controlled Equity Offering Sales Agreement to $4.5 billion. The company previously had authorization to offer and sell up to $2 billion under the ATM facility.
The ATM offering is conducted through Cantor Fitzgerald & Co. and ThinkEquity LLC, acting as sales agents. Under the terms of the agreement, Bitmine Immersion Technologies may, at its discretion, issue and sell shares of its common stock, par value $0.0001 per share, from time to time on the open market.
The company stated that the supplement to the prospectus was filed with the Securities and Exchange Commission on Thursday. The legal opinion regarding the validity of the shares to be issued in connection with the ATM offering was provided by Winston & Strawn LLP and included as an exhibit to the filing.
Bitmine Immersion Technologies is classified as an emerging growth company and is incorporated in Delaware. Its common stock is listed on NYSE American under the ticker BMNR.
This information is based on a statement in a press release and the company’s Form 8-K filing with the Securities and Exchange Commission.
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