Bitzero Closes US$25M Private Placement of Special Warrants

Bitzero Holdings Inc. announced the closing of a previously announced private placement, raising approximately US$25 million. The company issued 5,828,342 special warrants at US$4.25 each. The net proceeds are intended for the repayment of outstanding indebtedness, continued development of product and service offerings, potential future acquisitions, working capital, and general corporate purposes. Each special warrant will automatically convert into one common share and one common share purchase warrant, with the latter exercisable at US$5.00 for five years.