Intended use of offering proceeds
Company: Riot
The claim, verbatim
Intends to use net proceeds for general corporate purposes including working capital, capital expenditures, strategic acquisitions, investments in Bitcoin mining projects, and stock repurchases
Source (primary)
Riot 424B5 filed 2022-03-31 (SEC EDGAR, sec_filing)
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Quote: “As of the date of this prospectus supplement, we intend to use the net proceeds from this offering for general corporate purposes, which may include, among other things, additions to working capital, satisfaction of corporate obligations, capital expenditures, strategic acquisitions, and investments in existing and future Bitcoin mining projects, and repurchases and redemptions of our common stock”
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 Riot 424B5 filed 2022-03-31
Quote: “As of the date of this prospectus supplement, we intend to use the net proceeds from this offering for general corporate purposes, which may include, among other things, additions to working capital, satisfaction of corporate obligations, capital expenditures, strategic acquisitions, and investments in existing and future Bitcoin mining projects, and repurchases and redemptions of our common stock”