- Digihost (DGHI) has announced a share consolidation to facilitate its proposed listing on the Nasdaq Capital Market
- It will consolidate its shares on the basis of three pre-consolidation shares for every one post-consolidation share
- It’s pursuing a Nasdaq listing to enhance its investor profile and increase shareholder liquidity
- Digihost is a blockchain technology company primarily focused on Bitcoin mining
- Digihost (DGHI) is up by 5.7 per cent and is currently trading at $2.04 per share
Digihost (DGHI) has announced a share consolidation to facilitate its proposed listing on the Nasdaq Capital Market.
To satisfy the exchange’s minimum share price requirement, the company will consolidate its shares on the basis of three pre-consolidation shares for every one post-consolidation share.
Post-consolidation, it will have 25,026,277 subordinate voting shares and 3,333 proportionate voting shares issued and outstanding.
Each fractional share remaining after conversion will be rounded down to the nearest whole post-consolidation share.
Digihost is pursuing a Nasdaq listing to enhance its investor profile and increase shareholder liquidity.
It expects to retain its listing on the TSXV but will drop its OTCQB listing if its Nasdaq application proves successful.
An effective consolidation date will be released when available.
Michel Amar, Digihost’s CEO, stated,
“A key aspect of our company’s growth strategy is to provide our investors with greater liquidity through the listing of its shares on an internationally recognized stock exchange. Uplisting the company’s shares from the OTC market to Nasdaq will also provide the company with broader access to capital and institutional recognition.
The company’s current financial position presents the opportunity to accelerate the plan for meeting the listing requirements of the Nasdaq by consolidating the company’s shares.”
Digihost is a blockchain technology company primarily focused on Bitcoin mining.
Digihost (DGHI) is up by 5.7 per cent and is currently trading at $2.04 per share as of 1:37 pm ET.