Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 62

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 62
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, we agreed to reimburse Wainwright for the documented fees and costs of its legal counsel reasonably incurred in
connection with Wainwright’s ongoing diligence, drafting and other filing requirements arising from the transactions contemplated
by the Sales Agreement in an amount not to exceed $2,500 per Representation Date (as defined in the Sales Agreement). We estimate that
the total expenses for the offering, excluding compensation payable to Wainwright under the terms of the Sales Agreement, will be approximately
$200,000.

Settlement for sales of ordinary shares will occur
on the first trading day, or such shorter settlement cycle as may be in effect under Exchange Act Rule 15c6-1 from time to time, following
the date on which any sales are made, or on some other date that is agreed upon by us and Wainwright in connection with a particular transaction,
in return for payment of the net proceeds to us. Sales of our ordinary shares as contemplated in this prospectus will be settled through
the facilities of The Depository Trust Company or by such other means as we and Wainwright may agree upon. There is no arrangement for
funds to be received in an escrow, trust or similar arrangement.

In connection with the sale of the ordinary shares
on our behalf, Wainwright may be deemed to be an “underwriter” within the meaning of the Securities Act and the compensation
of Wainwright may be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and contribution to
Wainwright against certain civil liabilities, including liabilities under the Securities Act.

The offering of our ordinary shares pursuant to
the Sales Agreement will terminate upon the earlier of (i) the sale of all of our ordinary shares provided for in this prospectus or (ii)
the termination of the Sales Agreement as permitted therein. We and Wainwright may each terminate the Sales Agreement as set forth in
the Sales Agreement.

To the extent required by Regulation M, Wainwright
will not engage in any market making activities involving our ordinary shares while the offering is ongoing under this prospectus supplement.
Wainwright and its affiliates have in the past and may in the future provide various investment banking and other financial services for
us and our affiliates, for which services they may in the future receive customary fees. In addition, in the ordinary course of its various
business activities, Wainwright and its affiliates may make or hold a broad array of investments and actively trade debt and equity securities
(or related derivative