SHENZHEN, China, Aug. 23,
2023 /PRNewswire/ -- BTC Digital Ltd. ("BTC Digital"
or the "Company") (NASDAQ: METX), a blockchain technology company,
today announced that the Company plans to effect a share
consolidation of twenty (20) ordinary shares with par value of
$0.003 per share each in the
Company's issued and unissued share capital into one (1) ordinary
share with par value of US$0.06 (the
"Share Consolidation"). As a result of the Share Consolidation,
each twenty (20) pre-consolidation ordinary shares outstanding will
automatically combine and convert into one issued and outstanding
ordinary share without any action on the part of the
shareholders.
The Share Consolidation will be effective at 5:00 p.m. Cayman
Islands time on August 23,
2023. Beginning with the opening of trading on August 24, 2023, the Company's ordinary shares
will begin trading on a post-Share Consolidation basis on the
Nasdaq Capital Market under the same symbol "METX" but under a new
CUSIP number of G6055H 155. No fractional shares will be issued in
connection with the Share Consolidation. All fractional shares will
be rounded up to the whole number of shares. Immediately following
the Share Consolidation, the authorized share capital of the
Company will be US$1,500,000 divided
into 25,000,000 ordinary shares of a par value of US$0.06 each.
After the Share Consolidation, the Company's warrants listed on
the Nasdaq Capital Market under the symbol "METXW" which will
retain their existing CUSIP number, will be proportionately
adjusted in accordance with their terms. The exercise prices of any
outstanding share options, warrants, and equity incentive plans
will be adjusted in accordance with their respective terms.
About BTC Digital Ltd.
BTC Digital Ltd. is a blockchain technology company, with a
long-term strategy to create value across the metaverse, blockchain
and cryptocurrency mining industry. The Company is
committed to developing blockchain related businesses in
North America, including
cryptocurrency mining, mining farm construction, and
mining pool and data center operation.
For more information, please visit:
https://meten.investorroom.com
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
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SOURCE BTC Digital Ltd.