BlockchAIn Prices $55M Offering of 33.33M Shares at $1.65, Grants 45-Day Option
AIB•BlockchAIn priced a 33.33 million share offering at $1.65 per share, raising $55 million in gross proceeds before underwriting costs. The company granted underwriters a 45-day option for up to 5 million additional shares and will use net proceeds for working capital, capital expenditures and general purposes.
1. Offering Pricing and Size
BlockchAIn priced an underwritten public offering of 33,333,334 common shares at $1.65 each, generating approximately $55 million in gross proceeds before underwriting discounts, commissions and offering expenses.
2. Underwriter Option and Timeline
The company granted the underwriter a 45-day option to purchase up to 4,999,999 additional shares at the public offering price less discounts and commissions, with the transaction expected to close on or about June 8, 2026, subject to customary closing conditions.
3. Use of Proceeds
Net proceeds from the offering will be applied to working capital needs, capital expenditures to grow the digital infrastructure business, and general corporate purposes.
