Core Points - Digihost Technology Inc. has entered into subscription agreements for a private placement of equity securities, aiming to raise up to US$4 million [1] - The private placement consists of 3,636,363 units priced at US$1.10 per unit, which is a 9% premium over the recent closing price [1] - Each unit includes one subordinate voting share and one warrant, with the warrants having an exercise price of US$2.00 and a three-year exercise period [1] Financial Use - The net proceeds from the private placement will primarily be used for infrastructure expansion acquisitions and general working capital [2] - The completion of the private placement is contingent upon receiving necessary corporate and regulatory approvals, expected around August 9, 2024 [2] Regulatory Notes - No securities were offered to Canadian residents in connection with the private placement [3] - The securities offered have not been registered under U.S. securities laws and cannot be sold in the U.S. without proper registration or exemption [4] Company Overview - Digihost is a growth-oriented technology company focused on the blockchain industry, operating from three sites in the U.S. and providing hosting arrangements [5]
Digihost Announces US$4 Million Private Placement