Corporate ActionJun 9, 2026, 05:53 PM
BlockchAIn Closes $55M Public Offering of 33.3M Shares
AI Summary
BlockchAIn Digital Infrastructure, Inc. announced the closing of its underwritten public offering, selling 33,333,334 shares of common stock at $1.65 per share. This offering generated total gross proceeds of approximately $55 million. The company intends to utilize the net proceeds for working capital, capital expenditures to support business growth, and general corporate purposes. Additionally, the underwriter has been granted a 45-day option to purchase up to an extra 4,999,999 shares.
Key Highlights
- Closed underwritten public offering of 33,333,334 shares of common stock.
- Public offering price was $1.65 per share.
- Total gross proceeds from the offering reached approximately $55 million.
- Net proceeds will be used for working capital, capital expenditures, and general corporate purposes.
- Underwriter granted a 45-day option to purchase up to an additional 4,999,999 shares.
- Lucid Capital Markets acted as the sole book-running manager for the offering.
Price Impact
More from AIB