BitNile gains aftermarket on $46.4M ATM offering of series D preferred stock

Jun. 14, 2022 5:28 PM ETBitNile Holdings, Inc. (NILE)By: Jessica Kuruthukulangara, SA News Editor3 Comments
  • BitNile (NYSE:NILE) stock climbed 24% postmarket on Tuesday after the firm announced an at-the-market offering of 13% series D cumulative redeemable perpetual preferred stock for gross proceeds of up to $46.4M.
  • Proceeds will be used for financing of potential acquisitions, purchase of bitcoin miners, business expansions and investments, and for general corporate purposes.
  • NILE does not have deals or commitments for any acquisitions at this time.

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