Abits group inc announces changes of the authorized shares and share consolidation

Hong kong, march 05, 2025 (globe newswire) -- abits group inc (the “company”) (nasdaq: abts), a company engaged in bitcoin mining and related services in the united states, announced today, on february 13, 2025, the company's board of directors (the “board of directors”) approved to amend and restate the company's memorandum and articles of association, as amended, to change the maximum number of shares the company is authorized to issue to an unlimited number of ordinary shares of no par value each and an unlimited number of preferred shares of no par value each (the “amended and restated memorandum and articles”). the amended and restated memorandum and articles became effective on february 17, 2025 upon the filing with the registrar of corporate affairs of the british virgin islands.
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