Bitmine Immersion targets public offering of 3,000,000 shares of 9.5% Series A perpetual preferred stock

BitMine Immersion Technologies

BitMine Immersion Technologies

BMNR

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  • Bitmine Immersion Technologies plans a public offering of 3,000,000 shares of 9.50% Series A Perpetual Preferred Stock.
  • The preferred stock will have a stated amount of $100 per share.
  • Dividends will accrue at 9.50% annually and be paid weekly in arrears when declared.
  • Missed dividend payments will step up at a compounded rate, capped at 15%.
  • The company can redeem the preferred stock at 110% of stated amount in the first 18 months.
  • The company can redeem the preferred stock at 105% of stated amount from 18 months to three years.
  • The company can redeem the preferred stock at par thereafter.
  • Bitmine applied to list the preferred stock on the NYSE under the symbol BMNP.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitmine Immersion Technologies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606031749PR_NEWS_USPR_____NY75718) on June 03, 2026, and is solely responsible for the information contained therein.

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