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Cathedra Bitcoin Inc V.CBIT

Alternate Symbol(s):  CBTTF

Cathedra Bitcoin Inc. is a Canada-based bitcoin company. The Company develops and operates a high-density compute infrastructure across North America. It hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky. The Company operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 Peta hashes per second (PH/s) of hash rate. It is focused on expanding its portfolio of data center infrastructure for high-density compute applications, including bitcoin mining and artificial intelligence. The Company is focused on managing and expanding its portfolio of hash rates through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.


TSXV:CBIT - Post by User

Post by Traderstock101on Oct 29, 2024 11:55pm
58 Views
Post# 36288086

Cathedra Bitcoin warrant price amendment correction at =>

Cathedra Bitcoin warrant price amendment correction at =>

2024-10-29 19:38 ET - Miscellaneous

 

Further to the TSX Venture Exchange bulletin dated Sept. 6, 2024, the bulletin should have read as displayed herein.

Private placement

 

Number of warrants:  14,794,700

 

 

Expiry date of warrants:  March 26, 2026

 

 

Forced exercise provision:  If the closing price for the company's shares is 15 cents or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.

 

 

Original exercise price of warrants:  82 cents

 

 

New exercise price of warrants:  12 cents

 

These warrants were issued pursuant to a brokered private placement of 14,794,700 shares with 14,794,700 share purchase warrants attached, which was accepted for filing by the exchange effective May 6, 2021.

For further details, please refer to the company's news release dated Aug. 19, 2024.

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