UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On May 15, 2025, the Company filed an amendment to its Certificate of Incorporation to effect a 1-for-20 reverse stock split of its common stock. No fractional shares shall be issued in connection with the reverse split, and any shareholders who otherwise would be entitled to receive fractional shares of common stock shall be entitled to receive cash equal to the market value of its fractional share as of the close of business on May 15, 2025. FINRA has announced that the reverse stock split will be effective as of the opening of trading on May 16, 2025.
The reverse split was previously approved on December 11, 2024 by the Company’s board of directors and by the written consent of stockholders holding a majority of its voting power. As indicated in an Information Statement mailed to shareholders in December 2024 in connection with the stockholder consent to the reverse split resolution, the reverse split is being effected in order to meet the initial listing requirements of the NYSE American or another principal national securities exchange. The Company has filed an application with the NYSE American and NASDAQ Capital Market. However, as also indicated in the Information Statement, there is no assurance that the Company’s common stock will ultimately be approved for listing on a principal national securities exchange.
Item 8.01 Other Events.
Press Release
The Company issued a press release on May 16, 2025. A copy of the press release is attached as Exhibit 99.1.
The information set forth in this Item 8.01 of Form 8-K is furnished pursuant to Item 8.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Item No. | Description | |
99.1 | Press Release dated May 16, 2025 | |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Bitmine Immersion Technologies, Inc. | ||
Dated: May 16, 2025 | By: | /s/ Jonathan Bates |
Name: | Jonathan Bates | |
Title: | Chief Executive Officer |
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