BitMine Exempts Shareholder Approval for NYSE American Issuance

BitMine Immersion Technologies secured an exemption from requiring shareholder approval for NYSE American share issuance, leveraging a shelf registration and an active At-the-Market program, confirmed the company.

This exemption highlights a unique compliance strategy, contrasting with NASDAQ’s requirements and demonstrating potential shifts in regulatory approaches affecting funding for blockchain enterprises.

Overview

BitMine Immersion Technologies has announced an exemption from requiring shareholder approval for its share issuance on the NYSE American. This exception is due to their existing shelf registration and an active ATM program.

Primary Entity BitMine bypasses the shareholder vote requirement because of their prior PIPE transaction, finalized on July 8, 2025. Nasdaq’s new rules do not impact them due to their NYSE American listing.

Partnerships and Share Offering

The exemption has had significant implications for BitMine’s partnerships with institutional investors. ThinkEquity LLC served as the sole placement agent, facilitating investments directly exchanged for cryptocurrency.

This share offering includes a total of 8,804,122 shares offered at $4.50 each, alongside pre-funded warrants. The shares were exchanged for either cash or cryptocurrencies like BTC and ETH.

BitMine Immersion Technologies, Inc. – “BitMine is able to issue shares via its existing shelf registration without shareholder approval. The existing ATM program remains a registered bona fide public deal and does not require shareholder approval to continue.” source

Financial Impact and Regulatory Strategy

Through these transactions, BTC and ETH were directly accepted, impacting BitMine’s financial structure. The use of Regulation D exemptions helped streamline the process, making it attractive to accredited investors.

With the new NYSE American rules, the company avoids Nasdaq’s requirements for shareholder votes on similar crypto-related issuances. Historical trends suggest that this flexibility may foster greater investment flows in the crypto asset field.

Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.