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BTC Digital Ltd. Announces Share Consolidation
SHENZHEN, China, Aug. 23, 2023 /PRNewswire/ -- BTC Digital Ltd. ("BTC Digital" or the "Company") (NASDAQ: METX), a blockchain technology company, today
About this update from Btc Digital Ltd.
[{"type":"text","content":"SHENZHEN, China, Aug. 23, 2023 /PRNewswire/ -- BTC Digital Ltd. (\"BTC Digital\" or the \"Company\") (NASDAQ: METX), a blockchain technology company, today announced that the Company plans to effect a share consolidation of twenty (20) ordinary shares with par value of $0.003 per share each in the Company's issued and unissued share capital into one (1) ordinary share with par value of US$0.06 (the \"Share Consolidation\"). As a result of the Share Consolidation, each twenty (20) pre-consolidation ordinary shares outstanding will automatically combine and convert into one issued and outstanding ordinary share without any action on the part of the shareholders.\nThe Share Consolidation will be effective at 5:00 p.m. Cayman Islands time on August 23, 2023. Beginning with the opening of trading on August 24, 2023, the Company's ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol \"METX\" but under a new CUSIP number of G6055H 155. No fractional shares will be issued in connection with the Share Consolidation. All fractional shares will be rounded up to the whole number of shares. Immediately following the Share Consolidation, the authorized share capital of the Company will be US$1,500,000 divided into 25,000,000 ordinary shares of a par value of US$0.06 each.\nAfter the Share Consolidation, the Company's warrants listed on the Nasdaq Capital Market under the symbol \"METXW\" which will retain their existing CUSIP number, will be proportionately adjusted in accordance with their terms. The exercise prices of any outstanding share options, warrants, and equity incentive plans will be adjusted in accordance with their respective terms.\nAbout BTC Digital Ltd.\nBTC Digital Ltd. is a blockchain technology company, with a long-term strategy to create value across the metaverse, blockchain and cryptocurrency mining industry. The Company is committed to developing blockchain related businesses in North America, including cryptocurrency mining, mining farm construction, and mining pool and data center operation.\nFor more information, please visit: https://meten.investorroom.com \nSafe Harbor Statement\nThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Pri...