Bit Brother Ltd Files FormRW; Requests Immediate Withdrawal Of Its Registration Statement On Form F-3 Filed With The SEC On January 16, 2024; Shares Spike Higher
Portfolio Pulse from Benzinga Newsdesk
Bit Brother Ltd has filed a Form RW with the SEC, requesting the immediate withdrawal of its Form F-3 registration statement that was originally filed on January 16, 2024. Following this news, shares of Bit Brother spiked higher.
January 22, 2024 | 9:14 pm
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Bit Brother Ltd's withdrawal of its Form F-3 registration has led to a spike in its share price.
The withdrawal of a registration statement can be seen as a change in a company's financing strategy, which might be interpreted by the market as a positive development, leading to a short-term increase in stock price. The spike in Bit Brother Ltd's shares indicates a positive investor reaction to this news.
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