- Bitcoin Minor Stronghold today announced the launch of an initial public offering (IPO) of common stock shares in 5,882,352 classes.
- The expected IPO price will be between 16 and $ 18 under an S-1 form filed with the US SEC, which has not yet been implemented.
- The company plans to list its shares on the Nasdaq Global Market under the “SDIG” ticker.
Stronghold Digital Assets has officially launched its Nasdaq IPO with an expected price of, 16 to $ 18 per share on 5,882,352 shares of a common stock in Class A Bitcoin Magazine.
The company has already submitted the final prospectus to the Securities and Exchange Commission (SEC), but it has not yet taken effect. Bitcoin Miner first applied for a Nasdaq IPO in July.
Stronghold plans to list a common stock in its class under “SDIG” in the Nasdaq global market and it will become the first North American company to go public through an actual IPO, different from the current popular direct listing and SPAC path.
“B. Relay Securities, Inc. and Coin are co-managing book managers, Tudor, Pickering, Holt & Co. are managing directors, and DA Davidson & Co., Compass Point and Northland Capital Markets are co-managers for the proposed offer. The notification said.
In addition to the more than fifty million shares, Stronghold Underwriters wants to offer a 0-day option to purchase an additional 22,3552 shares of common stock in the company’s Class A at IPO price, with underwriting discounts and low commissions.
Stronghold has sought to restore the usability of the geographically damaged area by waste coal by excavating electricity and bitcoin through its first power plant in Pennsylvania. In August, Stronghold acquired a second power plant, which seeks to double mining capacity.