Business
HIVE Digital Technologies Announces Upsized ATM Under the Existing Base Shelf
This news release constitutes a "designated news release" for the purposes of the Company's amend...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"HIVE Digital Technologies Announces Upsized ATM Under the Existing Base ShelfThis news release constitutes a \"designated news release\" for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - May 14, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the \"Company\" or \"HIVE\"), a global leader in sustainable digital infrastructure, is pleased to announce that it has entered into an amended and restated equity distribution agreement (the \"Amended Equity Distribution Agreement\") among Keefe, Bruyette & Woods, Inc., Stifel Nicolaus Canada Inc., Canaccord Genuity, Roth Canada, Inc., B. Riley Securities, Inc., and Northland Securities, Inc. (collectively, the \"Agents\"). The Amended Equity Distribution Agreement restates and supersedes the previous equity distribution agreement, dated October 3, 2025 (the \"October Agreement\"), among the Company and the Agents, pursuant to which the Company sold common shares of the Company (the \"Common Shares\") for aggregate proceeds of US$180,773,096. Pursuant to the Amended Equity Distribution Agreement, the Company may sell up to US$119,226,903 of Common Shares (the \"ATM Program\").The Common Shares will be issued by the Company to the public from time to time, through the Agents, at the Company's discretion. The Common Shares sold under the ATM Program, if any, will be sold at the prevailing market price at the time of sale.Under the Amended Equity Distribution Agreement, sales of Common Shares will be made by the Agents through \"at-the-market distributions\" as defined in National Instrument 44-102 - Shelf Distributions on the TSX Venture Exchange and the Nasdaq Stock Market. The Company is not obligated to make any sales of Common Shares under the Amended Equity Distribution Agreement. The Company has the flexibility to terminate the Amended Equity Distribution Agreement prior to reaching the US$119,226,903 in gross proceeds.The Company intends to use the net proceeds of the ATM Program, if any, principally for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes.The A...