Offering of units
How does the pricing in U.S. dollars on this offering relate to the lower price in Canadian dollars that the units sell for on the TSX? What is this US dollar price? Who pays that price for a unit?
TORONTO, June 26, 2020 (GLOBE NEWSWIRE) — 3iQ Corp. (“3iQ”) is pleased to announce that The Bitcoin Fund (the “Fund”) has completed its previously announced offering of Class A Units and Class F Units at a price of US$11.71 per Class A Unit and US$11.47 per Class F Unit for total gross proceeds of approximately US$10 million. The Class F Units were reclassified as Class A Units on a one-for-one basis on the date hereof. The Class A Units are listed and posted for trading on the Toronto Stock Exchange under the symbol QBTC.U.