BitMine Immersion (BMNR) Chairman Tom Lee, in his New Year shareholder letter, calls on shareholders to support the board's proposed authorized share capital adjustment plan, which aims to increase the company's authorized shares from 500 million to 50 billion. He explicitly states that this adjustment is not intended for immediate dilution of existing shareholders but is reserved for future financing arrangements, potential mergers and acquisitions, and possible stock splits; the shareholder voting deadline for the related proposal is January 14, and the annual shareholder meeting is scheduled to be held on January 15 in Las Vegas. (CoinDesk)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BitMine Immersion (BMNR) Chairman Tom Lee, in his New Year shareholder letter, calls on shareholders to support the board's proposed authorized share capital adjustment plan, which aims to increase the company's authorized shares from 500 million to 50 billion. He explicitly states that this adjustment is not intended for immediate dilution of existing shareholders but is reserved for future financing arrangements, potential mergers and acquisitions, and possible stock splits; the shareholder voting deadline for the related proposal is January 14, and the annual shareholder meeting is scheduled to be held on January 15 in Las Vegas. (CoinDesk)