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Stronghold Digital Mining Announces $9M Private Placement

 Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") has entered into a securities purchase agreement with each of an institutional investor and the

Benzinga · 09/13/2022 17:04

 Stronghold Digital Mining, Inc. (NASDAQ:SDIG) ("Stronghold", or the "Company") has entered into a securities purchase agreement with each of an institutional investor and the Company's co-chairman and chief executive officer, Greg Beard, to purchase 5,000,000 and 602,609   shares of Class A common stock at a purchase price of $1.60 and $1.66, respectively, and warrants to purchase an aggregate 5,602,409 shares of Class A common stock. The warrants will have an initial exercise price of $1.75 per share (subject to adjustments) and will expire five years from the date of issuance.