BTCS Inc (BTCS)

[Handyman4545]

BTCS Inc. (OTCMKTS:BTCS) Files An 8-K Entry into a Material Definitive Agreement
05/26/2017 | 09:41am EDT

(Here's some useful info as opposed to the morons who post useless comments.)

BTCS Inc. (OTCMKTS:BTCS) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On May 25, 2017BTCS, Inc. (the Company) raised
$1 million in cash from four institutional investors in exchange
for the issuance of $1,111,111 of a new class of Series C
Convertible Preferred Stock (Series C) and three
types of warrants as described below. The 79,368 Series C shares
are initially convertible into 15,873,600 shares of common stock.
The Series C is convertible at $0.7 per share or approximately
$0.063 per share after giving effect to the additional $111,1111,
subject to reduction in the event of future sales of equity
securities and common stock equivalents (with customary
exemptions) at a lower price. The Company is subject to a number
of customary covenants and a restriction on the incurrence of
indebtedness for one year. Within 120 days, the Company has
agreed to file a registration statement covering the common stock
issuable upon exercise of the registrable securities described
below. The registration statement will cover 47,302,176 shares of
common underlying the Series A Warrants, Additional Warrants, and
Bonus Warrants, which warrants are described below:

(see more:
http://www.4-traders.com/BTCS-INC-15724800/news/BTCS-Inc-OTCMKTS-BTCS-Files-An-8-K-Entry-into-a-Material-Definitive-Agreement-24496648/ )