Company: BTBT
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001213900-25-071508
Chunk: 10

Company: Bit Digital, Inc
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 10
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000,000 Ordinary Shares, par value $0.01 per share, and 10,000,000 Preference Shares, par value $0.01 per share, to US$10,100,000 divided into 1,000,000,000 Ordinary Shares of US$0.01 each and 10,000,000 Preference Shares of US$0.01 each. If this proposal is approved by our shareholders, the increase in the authorized share capital would be effected by filing the resolution passed by our shareholders with the Cayman Islands Registrar. The text of the resolution is as follows:

“It is hereby
resolved as an Ordinary Resolution that the Company’s authorized share capital be increased from US$3,500,000 divided into 340,000,000 Ordinary Shares of US$0.01 each and 10,000,000 Preference Shares of US$0.01 each to US$10,100,000 divided into 1,000,000,000 Ordinary Shares of US$0.01 each and 10,000,000 Preference Shares of US$0.01 each.”

Background

The current authorized share capital of the Company is US$3,500,000
divided into 340,000,000 Ordinary Shares, par value $0.01 per share, and 10,000,000 Preference Shares, par value $0.01 per share. If this
proposal is approved, the authorized share capital of the Company will be increased to US$10,100,000 divided into 1,000,000,000 Ordinary
Shares of US$0.01 each and 10,000,000 Preference Shares of US$0.01 each.

As of July 18, 2025, we had 319,965,103 Ordinary Shares outstanding,
and an additional 1,116,932, 10,118,046 and 360,000 Ordinary Shares, respectively, reserved for issuance upon the exercise of outstanding
RSUs, private warrants and options, respectively. Also as of July 18, 2025, we had 1,000,000 Preference Shares outstanding.

Our Ordinary Shares do not
have preemptive or preferential rights to purchase any securities of our Company. The holders of our Ordinary Shares are entitled to one
vote per share, including for the election of directors. The holders of our Preference Shares each have 50 votes per Preference Share.
An officer and a director of ours hold all outstanding Preference Shares; such shares are entitled to eight