Corporate ActionJun 5, 2026, 07:31 AM
BlockchAIn Prices $55M Public Offering of 33.3M Shares at $1.65
AI Summary
BlockchAIn Digital Infrastructure, Inc. announced the pricing of its underwritten public offering of 33,333,334 shares of common stock at $1.65 per share, aiming for total gross proceeds of approximately $55 million. The company intends to use the net proceeds for working capital, capital expenditures to grow its business, and general corporate purposes. Additionally, the underwriter has a 45-day option to purchase up to an extra 4,999,999 shares.
Key Highlights
- Priced underwritten public offering of 33,333,334 common shares.
- Public offering price set at $1.65 per share.
- Total gross proceeds of approximately $55 million.
- Net proceeds to 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.
- Offering expected to close on or about June 8, 2026.
Price Impact
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