Bitmine Immersion chairman urges shareholder to vote to increase shares

Bitmine Immersion (BMNR) Technologies announced the release of a new Chairman’s message outlining why shareholders are being asked to vote YES on a proposal to increase the Company’s authorized shares. In the video, Chairman Tom Lee explains the rationale behind Proposal 2, which seeks shareholder approval to amend the Company’s Amended and Restated Certificate of Incorporation to increase authorized shares from 500M to 50B. The company said, ” There are three reasons the Company needs to increase authorized shares: It would allow Bitmine to conduct capital markets activities, including at-the-market offerings, convertibles, and warrants. It would provide flexibility to pursue opportunistic deals, including potential mergers or acquisitions. Most importantly, it would enable the Company to implement future stock splits as needed.”