BTC Digital Ltd. closed a public offering on December 9, 2024, raising approximately $18.40 million in net proceeds. The company issued 880,000 ordinary shares at $8.00 per share and 1,620,000 pre-funded warrants at $7.999 per underlying share. Aegis Capital Corp. acted as the sole underwriter.The pre-funded warrants have an exercise price of $0.001 per share, subject to adjustments. Holders are limited to 4.99% beneficial ownership, which can be increased to 9.99% with notice. BTC Digital granted the underwriter a 45-day option to purchase up to 375,000 additional shares.The company intends to use the proceeds for general corporate purposes, including working capital, debt reduction, acquisitions, and capital expenditures. The securities were offered under an effective S-3 shelf registration statement filed with the SEC.

BTC Digital Ltd. closed a public offering on December 9, 2024, raising approximately $18.40 million in net proceeds. The company issued 880,000 ordinary shares at $8.00 per share and 1,620,000 pre-funded warrants at $7.999 per underlying share. Aegis Capital Corp. acted as the sole underwriter.The pre-funded warrants have an exercise price of $0.001 per share, subject to adjustments. Holders are limited to 4.99% beneficial ownership, which can be increased to 9.99% with notice. BTC Digital granted the underwriter a 45-day option to purchase up to 375,000 additional shares.The company intends to use the proceeds for general corporate purposes, including working capital, debt reduction, acquisitions, and capital expenditures. The securities were offered under an effective S-3 shelf registration statement filed with the SEC.