BlockchAIn Digital Infrastructure, Inc. (NYSE:AIB) ("BlockchAIn" or the "Company"), a developer and operator of digital infrastructure focused on artificial intelligence ("AI") workloads, today announced the pricing of its underwritten public offering of 33,333,334 shares of its common stock at a public offering price of $1.65 per share, for total gross proceeds of approximately $55 million, before deducting underwriting discounts and commissions and other offering expenses. The Company intends to use the net proceeds from the offering for working capital, capital expenditures relating to growing its business, and general corporate purposes.
All of the shares of common stock to be sold in the offering will be sold by the Company. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 4,999,999 shares of its common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about June 8, 2026, subject to the satisfaction of customary closing conditions.
Login to comment