Business Combination with USBTC
Company: Hut 8
The claim, verbatim
Each share of USBTC capital stock will be exchanged for 0.6716 shares of New Hut common stock
Source (primary)
Hut 8 S-4/A filed 2023-04-18 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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 in a merger”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states each share of USBTC's Series A, B, B-1 preferred and common stock is exchanged for 0.6716 New Hut shares, and notes no Series C shares are issued, so all outstanding capital stock is covered.
Confirmed in the source:
- Each share of USBTC Series A, Series B, Series B-1 preferred and common stock will be exchanged for 0.6716 of a share of New Hut common stock in the merger
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923046342/tm235928-4_s4.htm) in full (1,280,835 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 S-4/A filed 2023-04-18
Quote: “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 in a merger”