Athena Bitcoin Global Files Registration Statement for Registration of Common Stock

Rhea-AI Summary

Athena Bitcoin Global has filed a registration statement on Form S-1 with the SEC for the proposed resale of its Common Stock by existing shareholders. The stock is traded on the OTC Markets Pink Open Market under the ticker symbol ABIT. The registration is pending and the securities cannot be sold until it becomes effective. This press release emphasizes compliance with the Securities Act of 1933, indicating that this announcement does not constitute an offer to sell or the solicitation of an offer to buy securities.

Positive

• Filing for resale indicates shareholder confidence.

Negative

• Securities cannot be sold until the registration statement becomes effective, indicating uncertainty until then.

Chicago, IL, Feb. 10, 2022 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Athena Bitcoin Global today announced it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed resale of its Common Stock by existing shareholders. Athena Bitcoin Global stock is traded on the OTC Markets Pink Open Market under the ticker symbol “ABIT”.

When available, the prospectus related to the registration statement may be obtained via the investor relations page on the Athena Bitcoin website (athenabitcoin.com), by contacting investor@athenabitcoin.com, or via the OTC Markets Website:

https://www.otcmarkets.com/stock/abit

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the Securities Act), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

FAQ

What does the S-1 filing by Athena Bitcoin Global entail?

The S-1 filing relates to a proposed resale of Common Stock by existing shareholders.

Which market does Athena Bitcoin Global trade on?

Athena Bitcoin Global trades on the OTC Markets Pink Open Market under the ticker ABIT.

Can securities be sold immediately after the S-1 filing?

No, securities cannot be sold until the registration statement becomes effective.

What is the significance of the registration statement filed with the SEC?

The registration statement signifies compliance with regulatory requirements for selling securities.