HTFL’s Client Univest Securities, LLC Successfully Closed Bit Origin Ltd’s Public Offering
June 07, 2022
Bit Origin Ltd (the “Company”), formerly known as China Xiangtai Food Co., Ltd. (NASDAQ: BTOG), an emerging growth company engaged in crypto mining business with diversified expansion strategies, on June 7, 2022, announced the closing of an underwritten public offering of 9,803,922 ordinary shares, at an offering price of $0.51 per ordinary share. The Company received gross proceeds of approximately $5 million, before underwriting discounts and estimated offering expenses.
The sale of the ordinary shares in the offering was made pursuant to a shelf registration statement on Form F-3 (File No. 333-238700), previously filed with the U.S. Securities and Exchange Commission on May 26, 2020, and declared effective on July 7, 2020.
Univest Securities, LLC acted as the underwriter for this offering. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the underwriter. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.