Abits Group Closes $2.1M Offering Selling 792,452 Shares at $2.65
Abits Group Inc closed a registered direct offering on February 24, 2026, raising approximately $2.1 million through the sale of 792,452 Ordinary Shares and pre-funded warrants at $2.65 per unit. The pre-funded warrants carry an exercise price of $0.00001 and proceeds will support general corporate purposes and working capital.
1. Offering Details
On February 24, 2026, Abits Group completed a registered direct offering of 792,452 Ordinary Shares and pre-funded warrants at $2.65 per share, resulting in gross proceeds of approximately $2.1 million. The pre-funded warrants have an exercise price of $0.00001 per warrant and are immediately exercisable until fully exercised.
2. Use of Proceeds and Advisors
Abits intends to deploy net proceeds from the offering for general corporate purposes and working capital needs. Aegis Capital Corp. served as the exclusive placement agent, with Kaufman & Canoles, P.C. acting as U.S. counsel to the company and Lucosky Brookman LLP as counsel to the placement agent.