I WONDER WHAT WILL HAPPEN IF THE PALN IS DEFERRED? DOES IT MEAN RIOT CAN STILL DO WHAT THEY WERE DOING BEFORE ADOPTING THIS? IS THAT WHY TDY BITF DROPPING IN PRICE? IF ANYONE KNOWS HOW THIS WORK , PLS SHARE YOUR THOUGHTS . THX
Bitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights Plan
Bitfarms Ltd. Mon, Jun 10, 2024, 5:00 PM EDT2 min read
Bitfarms Ltd. This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
TORONTO, Ontario and BROSSARD, Qubec, June 10, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today announced that it has been notified by the Toronto Stock Exchange (the “TSX”) that the TSX will defer its consideration of the acceptance of the Company’s tactical shareholder rights plan (the “Rights Plan”), as announced earlier today, until: (i) such time as it is satisfied that the appropriate securities commission will not intervene pursuant to National Policy 62-202; and (ii) the ratification of the Rights Plan by the shareholders of the Company by no later than December 10, 2024.
A deferral of acceptance of the Rights Plan by the TSX does not affect the adoption or operation of the Rights Plan, which will remain operative and effective for a minimum of six months from the date of adoption on June 10, 2024, unless earlier terminated.
A copy of the Rights Plan is available under the Company’s profile on SEDAR+ at www.sedarplus.ca or at www.sec.gov.