Riot Platforms, Inc. Early Warning Report Press Release Regarding Settlement Agreement With Bitfarms Ltd.
Riot Platforms, Inc. (NASDAQ: RIOT) has issued a press release regarding a settlement agreement with Bitfarms (NASDAQ/TSX: BITF). Key points include:
- Andrés Finkielsztain resigned from Bitfarms' Board of Directors
- Amy Freedman was appointed to the Board and various committees
- Riot withdrew its requisition for a special meeting of Bitfarms shareholders
Riot currently owns 90,110,912 common shares of Bitfarms, representing approximately 19.9% of the issued and outstanding shares. Riot intends to review its investment in Bitfarms continuously and may increase or decrease its position based on various factors.
Riot Platforms, Inc. (NASDAQ: RIOT) ha emesso un comunicato stampa riguardante un accordo di transazione con Bitfarms (NASDAQ/TSX: BITF). I punti chiave includono:
- Andrés Finkielsztain si è dimesso dal consiglio di amministrazione di Bitfarms
- Amy Freedman è stata nominata nel consiglio e in vari comitati
- Riot ha ritirato la sua richiesta per un incontro straordinario degli azionisti di Bitfarms
Riot attualmente possiede 90.110.912 azioni ordinarie di Bitfarms, che rappresentano circa 19,9% delle azioni emesse e circolanti. Riot intende riesaminare costantemente il suo investimento in Bitfarms e potrebbe aumentare o diminuire la sua posizione in base a vari fattori.
Riot Platforms, Inc. (NASDAQ: RIOT) ha emitido un comunicado de prensa sobre un acuerdo de conciliación con Bitfarms (NASDAQ/TSX: BITF). Los puntos clave incluyen:
- Andrés Finkielsztain renunció a la Junta Directiva de Bitfarms
- Amy Freedman fue nombrada en la Junta y en varios comités
- Riot retiró su solicitud para una reunión especial de accionistas de Bitfarms
Riot actualmente posee 90.110.912 acciones comunes de Bitfarms, lo que representa aproximadamente 19,9% de las acciones emitidas y en circulación. Riot tiene la intención de revisar continuamente su inversión en Bitfarms y podría aumentar o disminuir su posición basándose en diversos factores.
Riot Platforms, Inc. (NASDAQ: RIOT)는 Bitfarms (NASDAQ/TSX: BITF)와의 합의에 관한 보도자료를 발표했습니다. 주요 내용은 다음과 같습니다:
- Andrés Finkielsztain이 Bitfarms 이사회에서 사임했습니다
- Amy Freedman이 이사회 및 여러 위원회에 임명되었습니다
- Riot이 Bitfarms 주주 특별 회의 요청을 철회했습니다
Riot은 현재 Bitfarms의 보통주 90,110,912주를 보유하고 있으며, 이는 발행 및 유통 중인 주식의 약 19.9%에 해당합니다. Riot은 Bitfarms에 대한 투자를 지속적으로 검토할 계획이며, 다양한 요인에 따라 이를 늘리거나 줄일 수도 있습니다.
Riot Platforms, Inc. (NASDAQ: RIOT) a publié un communiqué de presse concernant un accord de règlement avec Bitfarms (NASDAQ/TSX: BITF). Les points clés incluent :
- Andrés Finkielsztain a démissionné de son poste au conseil d'administration de Bitfarms
- Amy Freedman a été nommée au conseil et à divers comités
- Riot a retiré sa demande de réunion extraordinaire des actionnaires de Bitfarms
Riot détient actuellement 90.110.912 actions ordinaires de Bitfarms, représentant environ 19,9% des actions émises et en circulation. Riot prévoit d'examiner continuellement son investissement dans Bitfarms et peut augmenter ou diminuer sa position en fonction de divers facteurs.
Riot Platforms, Inc. (NASDAQ: RIOT) hat eine Pressemitteilung über eine Vergleichsvereinbarung mit Bitfarms (NASDAQ/TSX: BITF) herausgegeben. Wichtige Punkte sind:
- Andrés Finkielsztain hat seinen Rücktritt aus dem Vorstand von Bitfarms erklärt
- Amy Freedman wurde in den Vorstand und in verschiedene Ausschüsse berufen
- Riot hat sein Gesuch um eine Sonderversammlung der Bitfarms-Aktionäre zurückgezogen
Riot besitzt derzeit 90.110.912 Stammaktien von Bitfarms, die etwa 19,9% der ausgegebenen und im Umlauf befindlichen Aktien ausmachen. Riot hat vor, seine Investition in Bitfarms kontinuierlich zu überprüfen und könnte seine Position je nach verschiedenen Faktoren erhöhen oder verringern.
- Riot reached a settlement agreement with Bitfarms, potentially reducing conflicts
- Riot maintains a significant 19.9% ownership stake in Bitfarms
- Riot's representative Andrés Finkielsztain resigned from Bitfarms' Board of Directors
On September 23, 2024, Riot and the Company entered into a settlement agreement (the “Agreement”), pursuant to which (i) Andrés Finkielsztain resigned from the Company’s Board of Directors (the “Board”); (ii) Amy Freedman was appointed to the Board, the Governance and Nominating Committee and the Compensation Committee of the Board, and will be appointed to each “special committee” of independent directors of the Board that is currently constituted or may be constituted from time to time provided that she is independent for purposes of the mandate of the “special committee”; and (iii) Riot has withdrawn its requisition for a special meeting of shareholders of the Company. For additional details regarding the Agreement, see the joint press release filed by Riot and Bitfarms on September 23, 2024, the full text of the Agreement which is or will be made available under the Company’s profile on SEDAR+, and Riot’s early warning report that will be filed in accordance with applicable Canadian securities laws.
Immediately prior to, and immediately after, the entering into of the Agreement, Riot beneficially owned 90,110,912 common shares (the “Common Shares”) of Bitfarms, representing approximately
Riot intends to review its investment in the Company on a continuing basis and, subject to the terms of the Agreement, and depending upon various factors, including without limitation, any discussion between Riot, the Company and/or the Board and its advisors regarding, among other things, the Company’s financial position and strategic direction, overall market conditions, other investment opportunities available to Riot, and the availability of securities of the Company at prices that would make the purchase or sale of such securities desirable, Riot may (i) increase or decrease its position in the Company through, among other things, the purchase or sale of securities of the Company, including through transactions involving the Common Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Company in the open market or otherwise, (ii) enter into transactions that increase or hedge its economic exposure to the Common Shares without affecting its beneficial ownership of the Common Shares or (iii) consider or propose one or more of the actions described in subparagraphs (a) - (k) of Item 5 of Riot’s early warning report filed in accordance with applicable Canadian securities laws, including submitting a revised proposal to acquire the Company.
This press release is not meant to be, nor should it be construed as, an offer (or an intention to make an offer) to buy or the solicitation of an offer to sell any of the Company’s securities.
Riot will file the Early Warning Report in accordance with applicable securities laws, which will be available under the Company’s profile at www.sedarplus.ca. The head office of the Company is 110 Yonge Street, Suite 1601
FOR MORE INFORMATION
For further information and to obtain a copy of the Early Warning Report, please see the Company’s profile on the SEDAR+ website (www.sedarplus.ca) or contact Phil McPherson, Vice President, Capital Markets & Investor Relations, at (303) 794-2000 ext. 110.
About Riot Platforms, Inc.
Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.
Riot, a
For more information, visit www.riotplatforms.com.
Cautionary Note Regarding Forward Looking Statements
Statements contained herein that are not historical facts constitute “forward-looking statements” and “forward-looking information” (together, “forward-looking statements”) within the meaning of applicable
No Offer to Purchase or Sell Securities
This press release is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer, or an intention to offer, to subscribe for or buy or an invitation to purchase or subscribe for any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. Such an offer to purchase securities would only be made pursuant to a registration statement, prospectus, tender offer, takeover bid circular, management information circular or other regulatory filing filed by Riot with the SEC and available at www.sec.gov or filed with applicable Canadian securities regulatory authorities on SEDAR+ and available at www.sedarplus.ca.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240923931332/en/
Investor Contacts:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc
Okapi Partners
Bruce Goldfarb / Chuck Garske, (877) 285-5990
info@okapipartners.com
Media Contact:
Longacre Square Partners
Joe Germani / Dan Zacchei
jgermani@longacresquare.com / dzacchei@longacresquare.com
Source: Riot Platforms, Inc.
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