- Hive Blockchain (HIVE) has issued an aggregate of 4,980,600 ATM common shares for gross proceeds of $19,161,593
- The shares were sold at prevailing market prices, for an average price of C$3.85 per share
- Hive’s board has approved the grant of 900,000 incentive stock options and 40,000 restricted share units to officers of the company
- HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry
- Hive Blockchain Technologies Ltd. (HIVE) opened trading at C$3.70 per share
Hive Blockchain (HIVE) has issued an aggregate of 4,980,600 ATM common shares for gross proceeds of $19,161,593.
The shares were sold at prevailing market prices, for an average price of C$3.85 per share.
A cash commission of US$457,030 was paid to the agent in connection with its services under the EDA during the second quarter ended September 30, 2021.
The company intends to use the net proceeds of the ATM Equity Program for general corporate and working capital requirements, to fund ongoing operations, repay indebtedness, fund future acquisitions, or for other corporate purposes.
Hive’s Board of Directors has approved the grant of 900,000 incentive stock options to an officer of the company which vest over 60 months. The options are exercisable into the equivalent amount of common shares at a price of C$3.70 per share until October 7, 2031. The Company’s Board has also approved the grant of 40,000 restricted share units (RSUs) to an officer that vest over 12 months.
The grant of options and RSUs are subject to the approval of the TSXV.
HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry, including the mining of digital currencies.
Hive Blockchain Stock opened trading at C$3.70 per share.