Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 73

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 73
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 we will notify Wainwright of the number of ordinary shares to be offered, the dates on which such sales are anticipated
to be made, any minimum price below which sales may not be made and other sales parameters as we deem appropriate. Once we have so instructed
Wainwright, unless Wainwright declines to accept the terms of the notice, Wainwright has agreed to use its commercially reasonable efforts
consistent with its normal trading and sales practices to sell such ordinary shares up to the amount specified on such terms. The obligations
of Wainwright under the Sales Agreement to sell ordinary shares representing our ordinary shares are subject to a number of conditions
that we must meet. We may instruct Wainwright not to sell ordinary shares if the sales cannot be effected at or above the price designated
by us from time to time. We or Wainwright may suspend the offering of ordinary shares upon notice and subject to other conditions.

We will pay Wainwright commissions for its services
in acting as agent in the sale of our ordinary shares. Wainwright will be entitled to a commission of up to three percent (3.0%) of the
gross proceeds from the sale of ordinary shares offered hereby. In addition, we have agreed to reimburse Wainwright for fees and disbursements
related to its legal counsel in an amount not to exceed $100,000. Additionally, pursuant to the terms of the Sales Agreement, 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 our ordinary shares will
generally occur on the first business 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. There is no arrangement for funds to be received in an
escrow, trust or similar arrangement.

In connection with the sale of ordinary shares
on our behalf in