BTC Digital Ltd. Announces Exercise of Over-Allotment Option in Public Offering | PR Newswire [Video]

, /PRNewswire/ — BTC Digital Ltd. (NASDAQ: BTCT) (the “Company”), a blockchain technology company, today announced that the underwriter of its previously announced public offering of common stock has exercised its option to purchase an additional 228,853 Ordinary Shares at the public offering price of $8.00 per share, resulting in additional gross proceeds of approximately $1.8 million. After giving effect to the exercise of the over-allotment option, the total number of Ordinary Shares sold by the Company in the public offering increased to 1,108,853 shares and gross proceeds increased to approximately $8.8 million, before deducting underwriting fees and other estimated offering expenses payable by the Company. The exercise of the over-allotment option is expected to close on December 12, 2024, subject to customary closing conditions.

Aegis Capital Corp. acted as the sole book-running manager for the offering.

The offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-283367) previously filed with the U.S. …