Bit Brother Limited down 44% in earlytrading on selling 15M ordinary shares and warrants to purchase 15M ordinary shares in a registered direct offering for gross proceeds of $22.5M.
The purchase price for one ordinary share and one corresponding five-years warrant will be $1.50.
Offering is expected to close on July 20.
Earlier this week,the company acquired 51% stake in Angelo's Pizza for $12.5M.
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