Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 63

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 63
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shares or the right to purchase ordinary shares or such convertible or exchangeable securities.

As used in this section, “ex-dividend
date” means the first date on which the ordinary shares trade on the applicable exchange or in the applicable market, regular way,
without the right to receive the issuance, dividend or distribution in question, from us or, if applicable, from the seller of the ordinary
shares on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market, and “effective
date” means the first date on which the ordinary shares trade on the applicable exchange or in the applicable market, regular way,
reflecting the relevant share split or share combination, as applicable. For the avoidance of doubt, any alternative trading convention
on the applicable exchange or market in respect of our ordinary shares under a separate ticker symbol or CUSIP number will not be considered
“regular way” for this purpose.

As used in this section, “record
date” means, with respect to any dividend, distribution or other transaction or event in which the holders of the ordinary shares
(or other applicable security) have the right to receive any cash, securities or other property or in which the ordinary shares (or such
other security) are exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination
of security holders entitled to receive such cash, securities or other property (whether such date is fixed by our board of directors
or a duly authorized committee thereof, statute, contract or otherwise).

To the extent permitted by
law and the rules of the Nasdaq Capital Market and any other securities exchange on which any of our securities are then listed, we are
permitted to increase the conversion rate of the notes by any amount for a period of at least 20 business days if we determine that such
increase would be in our best interest, and we may also (but are not required to) increase the conversion rate to avoid or diminish income
tax to holders of the ordinary shares or rights to purchase ordinary shares in connection with a dividend or distribution of ordinary
shares (or rights to acquire ordinary shares) or similar event.

If we have a rights plan in
effect upon conversion of the notes into ordinary shares, you will receive, in addition to the ordinary shares received in connection
with such conversion, the rights under the rights plan. However, if, prior to any conversion, the rights have separated from the ordinary
shares in accordance with the provisions of the