BlockchAIn Raises $8.25M More from Underwriter Option
BlockchAIn Digital Infrastructure, Inc. announced that the underwriter of its public offering fully exercised its option to purchase an additional 4,999,999 shares of common stock. This exercise generated approximately $8.25 million in additional gross proceeds. Including the option, the company sold a total of 38,333,333 shares, raising aggregate gross proceeds of approximately $63.25 million, which will be used for working capital, capital expenditures, and general corporate purposes.
Key Highlights
- Underwriter exercised option for 4,999,999 additional shares of common stock.
- Additional gross proceeds from option exercise totaled approximately $8.25 million.
- Company sold a total of 38,333,333 shares of common stock in the offering.
- Aggregate gross proceeds from the full offering reached approximately $63.25 million.
- Shares were offered at a public offering price of $1.65 per share.
- Net proceeds will be used for working capital, capital expenditures, and general corporate purposes.
Price Impact
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