Cathedra Bitcoin Inc. Announces Private Placement Financing
Offering Details
Toronto, Ontario–(Newsfile Corp. – September 19, 2024) – (Block Height: 861,930) – Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) (“Cathedra” or the “Company”), a bitcoin company that develops and operates digital infrastructure assets with the goal of maximizing its per-share bitcoin holdings, is pleased to announce a non-brokered private placement financing (the “LIFE Offering”) of 25,000,000 units of the Company (the “Units”) at a price of C$0.10 per Unit, for aggregate gross proceeds of C$2,500,000, with an option to upsize the offering by an additional C$2,500,000 (the “Offering”) on the same terms.
Offering Expansion
In the non-brokered Offering, the Company will issue 25,000,000 Units at a price of C$0.10 per Unit, for aggregate gross proceeds of up to C$2,500,000, with an option to upsize the Offering by an additional C$2,500,000 on the same terms.
This private placement financing will allow Cathedra Bitcoin Inc. to enhance its operations and further develop its digital infrastructure assets in the bitcoin space. With the Offering being upsized, the Company can secure additional funding to support its growth initiatives and strategic objectives.
Impact on Individuals
As an individual investor, participating in Cathedra Bitcoin Inc.’s private placement financing could provide an opportunity to contribute to the company’s growth and potentially benefit from its success in the bitcoin industry. By investing in the Units offered at C$0.10 per Unit, investors may have a stake in the Company’s future growth and value creation.
Impact on the World
With Cathedra Bitcoin Inc. raising funds through a private placement financing, the Company’s expansion and development efforts in the digital infrastructure space could have broader implications for the world. By increasing its per-share bitcoin holdings, Cathedra aims to play a significant role in shaping the future of the digital economy and blockchain technology.
Conclusion
Overall, Cathedra Bitcoin Inc.’s announcement of a non-brokered private placement financing demonstrates its commitment to growth and innovation in the bitcoin sector. The Offering presents an opportunity for investors to support the Company’s strategic objectives and potentially benefit from its continued success in the digital infrastructure space.
