BTC Digital Ltd. Announces Exercise of Over-Allotment Option in Public Offering
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BTC Digital Ltd. announced that the underwriter of its public offering has exercised an over-allotment option, purchasing an additional 228,853 shares at $8.00 each, generating approximately $1.8 million in gross proceeds.
December 12, 2024 | 3:30 pm
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BTC Digital Ltd.'s underwriter exercised an over-allotment option in its public offering, purchasing 228,853 additional shares at $8.00 each, raising $1.8 million.
The exercise of the over-allotment option indicates strong demand for BTC Digital Ltd.'s shares, which is a positive signal for the company's stock price. The additional capital raised can be used for growth and development, potentially enhancing shareholder value.
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