Form 8-K · Current Report · Filed 2024-11-07
Bitmine Immersion Technologies Announces Line of Credit Amendment and Issuance of Series B Convertible Preferred Stock
On November 4, 2024, Bitmine Immersion Technologies, Inc.
- Filer
- BMNR BMNR
- Filed
- Accession
- 0001683168-24-007768
- CIK
- 0001829311
- Signal
- High impact
- Source
- Official filing on sec.gov ↗
Details
amended its Line of Credit Agreement with Innovative Digital Investors Emerging Technology, L.P., increasing the maximum amount to $2,300,000 and issuing 2,500 shares of Series B Convertible Preferred Stock. The amendment also included provisions for extending the maturity date and converting existing shares. Additionally, the company authorized the issuance of up to 3,000 shares of Series B Convertible Preferred Stock with specific rights and preferences.
Items reported
Entry into a Material Definitive Agreement
Unregistered Sales of Equity Securities
Material Modification to Rights of Security Holders
Amendments to Articles of Incorporation or Bylaws
Financial Statements and Exhibits
Market reaction
Close before filing
$4.00
Next session
+50.0%
Since filing
+332.0%
Latest close
$17.28
What happened, not what will happen — closing prices around the filing date.
Exhibits (2)
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