Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 547

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1A
Chunk 547
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and Deng of 1,000,000 Ordinary Shares for an equivalent number of preferred shares, in the form of a poison pill, to enable them to carry
out the Company’s business plan without the threat of a hostile takeover. Nevertheless, as a result of their shareholdings, Mr.
Huang and Mr. Deng may be able to control the vote over decisions regarding mergers, consolidations and the sale of all or substantially
all of our assets, the election of directors, and other significant corporate actions. They may take action that is not in the best interests
of our other shareholders. This concentration of voting power may discourage or delay our Company, which could deprive our shareholders
of an opportunity to receive a premium for their shares as part of the sale of our Company and might reduce the market price of our Ordinary
Shares. These actions may be taken even if they are opposed by our other shareholders.

We may be unable
to comply with the applicable continued listing requirements of the Nasdaq Capital Market, which may adversely impact our access to capital
markets and may cause us to default certain of our agreements.

Our Ordinary Shares are
currently traded on the Nasdaq Capital Market. Nasdaq rules require us to maintain a minimum closing bid price of $1.00 per Ordinary Share.
In the event that our Ordinary Shares are delisted from Nasdaq and are not eligible for quotation or listing on another market or exchange,
trading of our Ordinary Shares could be conducted only on the over-the-counter market or on an electronic bulletin board established for
unlisted securities, such as the OTC. In such event, it could become more difficult to dispose of, or obtain accurate price quotations
for, our Ordinary Shares, and there would likely also be a reduction in our coverage by securities analysts and the news media, which
could cause the price of our Ordinary Shares to decline further. In addition, our ability to raise additional capital may be severely
impacted if our shares are delisted from Nasdaq, which may negatively affect our business plans and the results of our operations.

If securities or
industry analysts do not publish research or publish unfavorable research about our business, our share price and trading volume could
decline.

The trading market for
our Ordinary Shares will be influenced by whether industry or securities analysts publish research and reports about us, our business,
our market or our competitors and, if any analysts do publish such reports, what they publish in those reports. We may not obtain or maintain
analyst coverage in the future