Business Combination: Merger with USBTC and Hut 8 consolidation
Company: Hut 8
The claim, verbatim
New Hut acquires USBTC in exchange for 0.6716 shares of New Hut common stock per USBTC share (44,231,514 total shares issued); Hut 8 shareholders receive 0.2000 shares of New Hut common stock per Hut 8 share (5:1 consolidation)
Source (primary)
Hut 8 S-4/A filed 2023-04-18 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Merger Sub will merge with and into USBTC, with each share of Series A Preferred, Series B Preferred, Series B-1 Preferred and USBTC common stock being exchanged for 0.6716 of a share of New Hut common stock...each common share of Hut Amalco will be exchanged for 0.2000 of a share of New Hut common stock...44,231,514 SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE TO BE ISSUED”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Hut 8 S-4/A filed 2023-04-18
Quote: “Merger Sub will merge with and into USBTC, with each share of Series A Preferred, Series B Preferred, Series B-1 Preferred and USBTC common stock being exchanged for 0.6716 of a share of New Hut common stock...each common share of Hut Amalco will be exchanged for 0.2000 of a share of New Hut common stock...44,231,514 SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE TO BE ISSUED”