Neptune Dash Assets Corp (TSXV: NDA) this morning announced that it will be conducting a financing. Pegged at $40 million, the company is reportedly conducting the financing with institutional investors.
Under the terms of the financing, the company will look to raise funds at a price of $1.35 per unit. Each unit contains one common share and one half of a common share purchase warrant, with each warrant valid for a period of three years at a price of $1.75 per share.
The offering, lead by HC Wainwright & Co, will see net proceeds used for the development of a 5 MW clean tech bitcoin mining facility, as well as the purchase of mining rigs, proof of stake investments, and general and administrative expenses.
Sponsored · Cambria Gold Mines
The offering is expected to close April 16, 2021.
Neptune Digital Assets last traded at $1.88 on the TSX Venture.
Information for this briefing was found via Sedar and Neptune Digital Assets. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
