BIT Mining Limited Announces Results of Annual General Meeting
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BIT Mining Limited announced the results of its annual general meeting, where shareholders approved an increase in the company's authorized share capital. This includes the creation of 6.8 billion new Class A Ordinary Shares.
January 08, 2025 | 10:15 am
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BIT Mining Limited's shareholders approved an increase in authorized share capital, creating 6.8 billion new Class A Ordinary Shares. This could lead to potential dilution of existing shares.
The increase in authorized share capital by creating 6.8 billion new Class A Ordinary Shares could lead to dilution of existing shares, potentially impacting the stock price negatively in the short term. This is a significant equity action that investors should be aware of.
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