SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 193.00-2.4%9:37 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: da_spot who wrote (25106)7/9/2025 2:14:32 PM
From: toccodolce  Read Replies (1) of 26759
 
Bitmine Immersion Technologies announces $2 billion at-the-market equity offering

Bitmine Immersion (NASDAQ: IMMR) Technologies, Inc. (NYSE American:BMNR) announced Wednesday it has entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and ThinkEquity, LLC. Under the agreement, the company may offer and sell up to $2 billion of its common stock, from time to time, through Cantor Fitzgerald acting as principal and/or the sole designated sales agent.

According to a statement in the SEC filing, Cantor Fitzgerald will use its commercially reasonable efforts to sell shares based on Bitmine Immersion Technologies’ instructions. The agents will receive a commission of up to 3% of the gross proceeds from each sale under the agreement. The company is not obligated to sell any shares and may suspend or terminate the offering at any time.

The shares may be sold in transactions deemed "at the market offerings" as defined by SEC regulations or by other methods permitted by law. Shares offered under the agreement will be issued pursuant to Bitmine Immersion Technologies’ automatic shelf registration statement on Form S-3, filed with the SEC on Wednesday.

This information is based on a press release statement contained in the company’s Form 8-K filing with the Securities and Exchange Commission.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News