Bitfarms Ltd (BITF)

[hobowilly]

Am I wrong or are we looking at delayed (escrowed) dilution of 28,327,212 shares when/if this thing starts trading on The NAZ? And another 4,341,576 of options?

Nasdaq Update and Change in Escrow Release Schedule

On May 7, 2021, Bitfarms announced its application to list its common shares on the Nasdaq Global Market® was approved by The Nasdaq Stock Market (“Nasdaq”) under the symbol “BITF”. The Company is pleased to announce that the final steps to listing on Nasdaq are expected to be completed shortly. The Company also announces that, as a result of the Company's listing on Nasdaq, the Company will become an “established issuer” pursuant to the terms of an escrow agreement among the Company, TSX Trust Company and certain securityholders of the Company, dated June 12, 2019, which was entered into at the time of listing the Company’s common shares on the TSX Venture Exchange (the “Escrow Agreement”). Pursuant to the terms of the Escrow Agreement, the release schedule for the securities subject to escrow shall change upon the Company becoming an “established issuer”. Under the new release schedule, the 28,327,212 common shares and 4,341,576 options to purchase common shares currently held in escrow shall be released from escrow immediately upon completion of the Nasdaq listing.