Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 12

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 12
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 sole placement agent for the Company in connection with a registered direct offering (the “Registered Direct Offering”) of an aggregate of 22,000,000 ordinary shares of the Company at an offering price of $3.06 per share. The Registered Direct Offering closed on July 15, 2025. The net proceeds to us from the Registered Direct Offering were approximately $63.3 million, after deducting placement agent fees and estimated offering expenses payable by us.

Underwritten Offering of Ordinary Shares

On July 1, 2025, the underwriters of our underwritten public offering of ordinary shares that was announced on June 25, 2025 fully exercised their option to purchase an additional 11,250,000 ordinary shares (the “Underwriters’ Option Exercise”), resulting in additional net proceeds to us of approximately $21.4 million.

Smaller Reporting Company

We qualify as a “smaller reporting company” as defined in Rule 12b-2 of the Exchange Act. Smaller reporting companies may take advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company until the last day of the fiscal year in which we fail to meet the following criteria: (i) the market value of our ordinary shares held by non-affiliates does not exceed $250 million as of the end of that fiscal year’s second fiscal quarter; or (ii) the market value of our ordinary shares held by non-affiliates does not exceed $700 million as of the end of that fiscal year’s second fiscal quarter and our annual revenues for the prior completed fiscal year do not exceed $100 million. To the extent we take advantage of such reduced disclosure obligations, it may also make comparison of our financial statements with other public companies difficult or impossible.

Corporate Information

Our executive offices are located at 31 Hudson Yards, Floor 11, New York, NY 10001. Our telephone number is (212) 463-5121, and our website address is https://bit-digital.com/. Information on or connected to our website is not a part of or incorporated by reference into this prospectus supplement. We have included our website address in this prospectus supplement solely as an inactive textual reference.

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The Offering The summary below describes the principal terms of the notes. Certain of the terms and conditions described below are subject to important limitations and exceptions. For a more detailed description of the notes,