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BTCS Inc. Announces Waiver of Market Price Condition and Supplement to Offer to Purchase in Its Series V Preferred Stock Tender Offer

  • BTCS Inc. waived a condition regarding a 10% decline in common stock market price & proceeded with its Series V Preferred Stock tender offer.
  • The offer price range remains $0.04 to $1.00 per share with a $500,000 aggregate purchase limit.
  • The offer expiration date is set for 5:00 p.m. New York City time on December 15, 2026.
  • A Supplement to the Offer to Purchase was filed to address SEC comments, including examples of price determination & proration.
  • The Supplement clarifies that 12,500,000 shares could be purchased at $0.04 or 500,000 shares at $1.00.
  • Existing tendered shares remain valid & may be withdrawn before the offer expires.
  • The lowest single price within the range allowing up to $500,000 in purchases will apply to all purchased shares.
  • Shares tendered above the final purchase price will not be acquired.
  • Directors & executive officers have stated they will not tender their shares.
  • No recommendation is made by the Company, Board, information agent, or depositary regarding the tender.
  • InvestorCom LLC serves as the information agent & Equity Stock Transfer, LLC acts as the depositary.
  • Offer documents are available free of charge at www.sec.gov & www.btcs.com/seriesv-tender.
Company
BTCS, Inc.
Keywords
Nasdaq:BTCS, BTCS, Inc., Accretion Flywheel, BTCS, Charles Allen, finance, Nasdaq: BTCS