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Bit Digital | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

SEC announcement ·  Feb 8 17:26
Summary by Moomoo AI
Bit Digital, Inc., a Cayman Islands-based company trading on the Nasdaq under the ticker BTBT, has filed a registration statement on Form S-8 with the Securities and Exchange Commission (SEC) on February 8, 2024. The registration pertains to the 2023 Omnibus Equity Incentive Plan, which includes various forms of share options and restricted share units for employees, directors, and consultants. The plan aims to incentivize and retain key personnel by offering equity awards. The registration statement covers the potential resale of ordinary shares by selling securityholders, who may be affiliates of the company and have acquired shares through the equity incentive plan. The filing ensures compliance with U.S. securities laws and provides detailed information about the plan, the shares being registered...Show More
Bit Digital, Inc., a Cayman Islands-based company trading on the Nasdaq under the ticker BTBT, has filed a registration statement on Form S-8 with the Securities and Exchange Commission (SEC) on February 8, 2024. The registration pertains to the 2023 Omnibus Equity Incentive Plan, which includes various forms of share options and restricted share units for employees, directors, and consultants. The plan aims to incentivize and retain key personnel by offering equity awards. The registration statement covers the potential resale of ordinary shares by selling securityholders, who may be affiliates of the company and have acquired shares through the equity incentive plan. The filing ensures compliance with U.S. securities laws and provides detailed information about the plan, the shares being registered, and the selling securityholders. Bit Digital's operations involve cryptocurrency mining and blockchain technology, and the company has recently shifted its focus from China to North America due to regulatory changes. The company has not paid dividends in the past and does not anticipate doing so in the foreseeable future, with capital appreciation being the primary potential gain for shareholders.

This announcement is a separate document:

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