Bit Brother shares tumbles 44% on pricing $22.5M registered direct offering

Tiger Newspress2021-07-16

Bit Brother Limited down 44% in earlytrading on selling 15M ordinary shares and warrants to purchase 15M ordinary shares in a registered direct offering for gross proceeds of $22.5M.

The purchase price for one ordinary share and one corresponding five-years warrant will be $1.50.

Offering is expected to close on July 20.

Earlier this week,the company acquired 51% stake in Angelo's Pizza for $12.5M.

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