IPO - Athena Bitcoin Global

Form Type: S-1/A

Filing Date: 2025-04-10

Corporate Action: Ipo

Type: Update

Accession Number: 000168316825002408

Filing Summary: Athena Bitcoin Global has filed Amendment No. 7 to its Form S-1 registration statement, which includes the resale of up to 34,650,000 shares of its common stock by selling shareholders. The filing is in compliance with a Securities Purchase Agreement established with these shareholders related to the 6% Convertible Debentures issued during a private placement in 2021. The amendment indicates the company's efforts to become a reporting entity under the Securities Exchange Act, aiming to trade publicly on larger exchanges like OTCQB. The company emphasizes its role in the cryptocurrency market through its network of ATMs that facilitate transactions of Bitcoin for fiat currency. It states that while the common stock is currently traded on OTC Pink, the goal is to enhance public visibility and capital acquisition opportunities. Noteworthy is the current trading status of its shares at $0.04 as of April 9, 2025, amidst a noted lack of robust trading activity. The document also addresses risks associated with the investment, potential future financial performance, and the regulatory landscape as an emerging growth company.

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Form Type: S-1/A

Filing Date: 2025-02-11

Corporate Action: Ipo

Type: Update

Accession Number: 000168316825000920

Filing Summary: This document is Amendment No. 6 to the Registration Statement for Athena Bitcoin Global under the Securities Act of 1933. The amendment relates to the proposed public offering of up to 34,650,000 shares of common stock by Selling Shareholders, derived from the conversion of 6% Convertible Debentures Due 2023 that were issued in a private placement in 2021. The registration statement includes provisions for the reselling of shares, but clarifies that no new shares are being offered by the Company itself, nor will it receive proceeds from this offer. The common stock is currently traded on the OTC Pink Market under the symbol 'ABIT', with a last reported sale price of $0.06 on February 10, 2025. The document emphasizes that this prospectus is subject to updates and caution regarding forward-looking statements, risk factors associated with investing in these shares, and reaffirms the company's status as an emerging growth company. The management aims for a more substantial public trading market through this registration, reflecting the intentions and strategies to enhance their presence in the cryptocurrency landscape, specifically connecting cash with cryptocurrencies through their ATM services, which facilitate transactions in local fiat currencies.

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