Bit Brother Ltd (BETSF)

[wickerman]

$BTB bagholders blindsided by this China scam the $4.50 is 1 share + 1 warrant so $4.50 ÷ 2 = $2.25 but it'll probably be pumped down to around $1.50

CHANGSHA, China, Jan. 18, 2023 /PRNewswire/ -- Bit Brother Limited ("Bit Brother, " "We" or the "Company") (NASDAQ: BTB), announced today that it has entered into a securities purchase agreement with certain accredited investors to sell $7.1 million of its ordinary shares and warrants in a registered direct offering.

Under the terms of the securities purchase agreement, Bit Brother has agreed to sell 1,569,444 ordinary shares and warrants to purchase 2,354,166 ordinary shares. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $4.50. The warrants will expire five years from the date of issuance. The purchase price for one ordinary share and one corresponding warrant will be $4.50. The gross proceeds to Bit Brother are estimated to be $7.1 million before deducting the placement agent fees and other estimated offering expenses.

https://www.prnewswire.com/news-releases/bit-brother-limited-announces-pricing-of-7-1-million-registered-direct-offering-301724783.html