Bit origin limited announces pricing of $5 million underwritten public offering of ordinary shares

New york, june 03, 2022 (globe newswire) -- bit origin limited (nasdaq: btog) ("bit origin" or the "company"), an emerging growth company engaged in crypto mining business with diversified expansion strategies, today announced the pricing of an underwritten public offering of 9,803,922 ordinary shares, at an offering price of $0.51 per ordinary share. the gross proceeds to the company are expected to be approximately $5 million, before underwriting discounts and commissions, along with other estimated offering expenses. the company intends to use the net proceeds from the offering for working capital and general business purposes. the offering is expected to close on june 7, 2022, subject to satisfaction of customary closing terms and conditions.
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