BitMine: Not subject to Nasdaq's requirements for crypto treasury companies raising funds through rights offerings

Odaily Planet Daily News: Ethereum treasury company BitMine immersion Technologies issued a statement on NYSE American's listing and entry into the capital market, stating that the company has been listed on NYSE American, a subsidiary of the New York Stock Exchange, and can issue shares through the existing shelved registration without shareholder approval. The current ATM financing plan remains a registered legal public transaction and does not require shareholder approval to continue. Therefore, it is not subject to Nasdaq's requirement that listed companies must obtain shareholder approval before issuing new shares to purchase cryptocurrencies.

Earlier news, people familiar with the matter revealed that Nasdaq is strengthening its scrutiny of listed companies that often raise funds to buy and hoard cryptocurrencies to push up their stock prices. (PR Newswire)