Abits Group prices 792,452 shares at $2.65 in registered direct offering

4 weeks ago 4

TipRanks

Tue, February 24, 2026 astatine 8:11 AM CST 1 min read

Abits Group (ABTS) entered into definitive agreements successful a registered nonstop offering with organization investors for the acquisition and merchantability of astir $2.1M of Ordinary Shares and pre-funded warrants astatine a terms of $2.65 per Ordinary Share. The full transaction has been priced astatine the marketplace nether Nasdaq rules. The offering consisted of the merchantability of 792,452 Ordinary Shares oregon Pre-Funded Warrants. The nationalist offering terms per Ordinary Share is $2.65. The Pre-Funded Warrants volition beryllium instantly exercisable and whitethorn beryllium exercised astatine immoderate clip until exercised successful full. For each Pre-Funded Warrant sold successful the offering, the fig of Ordinary Shares successful the offering volition beryllium decreased connected a one-for-one basis. Aggregate gross proceeds to the Company are expected to beryllium astir $2.1M. The transaction is expected to adjacent connected oregon astir February 24, 2026, taxable to the restitution of customary closing conditions. Aegis Capital Corp. is acting arsenic exclusive placement cause for the offering.

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