$BTCTJun 26, 2026, 12:30 PMpress release private placement
BTCT private placement: 6.14M units for ~$7M upfront; 2 warrants/unit could add ~$21M
BTC Digital agreed to sell 6,140,350 Common Units (or Pre‑Funded Units) at $1.14 per unit in a private placement to raise approximately $7.0M upfront; each unit includes two PIPE common warrants exercisable at $1.71 (if fully exercised those warrants could provide ~ $21M additional proceeds). The transaction is expected to close on or about June 29, 2026 (dilution delayed until closing); pre‑funded warrants are immediately exercisable and the common warrants are exercisable upon issuance and expire in 60 months. Timing: Public-market dilution depends on another filing or resale step first, and the press release does not say when that will be completed.
