Feb. 23 at 7:16 PM
Abits Group announced a registered direct offering of approximately
$2.1 million with institutional investors. The company agreed to sell 792,452 common shares and/or pre-funded warrants at
$2.65 per share. Pre-funded warrants are priced at
$2.64999 each, reflecting the public offering price minus a
$0.00001 exercise price, and are immediately exercisable until fully exercised.
The offering is priced at-the-market under Nasdaq rules and is expected to close around February 24, 2026, subject to customary conditions. Gross proceeds are expected to total about
$2.1 million. The company intends to use the net proceeds, along with existing cash, for general corporate purposes and working capital.
Aegis Capital Corp. is acting as exclusive placement agent.
$ABTS