Bit Brother Limited closes previously announced $7.1M registered direct offering

Bit Brother Limited announced the closing on January 20, 2023 of its previously announced registered direct offering of 1,569,444 Class A ordinary shares and warrants to purchase 2,354,166 Class A ordinary shares at a purchase price of $4.50 per share for gross proceeds of $7.1M. The warrants are exercisable immediately upon the date of issuance and have an exercise price of $4.50. The warrants will expire five years from the date of issuance. Maxim Group LLC acted as sole placement agent for this offering.