THIS NEWS RELEASE CONSTITUTES A “DESIGNATED NEWS RELEASE” FOR THE PURPOSES OF THE COMPANY’S PROSPECTUS SUPPLEMENT DATED SEPTEMBER 2, 2022 TO ITS AMENDED AND RESTATED SHORT FORM BASE SHELF PROSPECTUS DATED JANUARY 4, 2022
VANCOUVER, British Columbia, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Hive Blockchain Technologies Ltd. (“HIVE” or the “Company”) (Nasdaq: HIVE; TSXV: HIVE; FSE: HBFA.F) is pleased to announce that it has entered into an at-the-market offering agreement (the “ATM Agreement”) with H.C. Wainwright & Co. (the “Agent”).
At-the Market Offering
Pursuant to the ATM Agreement, the Company and the Agent will implement an “at-the-market” equity offering program, under which the Agent may issue and sell from time to time such number of common shares of the Company (the “Common Shares”) having an aggregate offering price of up to US$100 million (the “ATM Equity Program”). A cash commission of 3.0% on the aggregate gross proceeds raised under the ATM Equity Program will be paid to...
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