IPO - BTC Digital Ltd.
Form Type: 424B5
Filing Date: 2025-07-15
Corporate Action: Ipo
Type: New
Accession Number: 000121390025064322
Filing Summary: BTC Digital Ltd. is offering ordinary shares and pre-funded warrants to purchase ordinary shares as part of their initial public offering. The company aims to raise funds by selling these securities directly to institutional investors. Each pre-funded warrant has an exercise price of $0.00001 and is fully exercisable upon issuance. The company has included risks associated with investing in their securities, highlighting that an investment involves a significant degree of risk, including the potential loss of investment. The net proceeds from the offering will be used for purchasing Ethereum, indicating the company's intent to further solidify its operations within the cryptocurrency market. The registration statement related to the offering has been declared effective by the Securities and Exchange Commission, and the securities are expected to be listed on The Nasdaq Capital Market under the symbol 'BTCT'. The offering date is set for July 15, 2025, with anticipated delivery against payment occurring on July 16, 2025.
Additional details:
Offering Price: $[●] per Ordinary Share
Pre Funded Warrant Price: $[●] per Pre-Funded Warrant
Lock Up Period: 90 days
Investment Use: purchase of Ethereum
Underwriter Fee: 7.0% of gross proceeds
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