Hyper Bit Technologies Ltd

Hyper Bit completed an unbrokered private placement, issuing 14,875,000 units at $0.10 each for gross proceeds of $1,487,500. Each unit consists of a common share and a warrant exercisable within 36 months at $0.15 (early vesting if the closing price is ≥ $0.30 for five consecutive trading days). Net proceeds will be used to purchase crypto‑mining rigs, repay liabilities, for marketing and for general working capital; the company paid finder’s fees of $48,800 and issued 488,000 non‑transferable finder’s warrants. All issued securities are subject to a statutory hold period of four months and one day. » More on de.investing.com