USBTC acquisition via merger
Company: Hut 8
The claim, verbatim
Merger Sub will merge with and into USBTC, with each share of USBTC Series A Preferred, Series B Preferred, Series B-1 Preferred and common stock exchanged for 0.6716 of a share of New Hut common stock, making USBTC a wholly-owned subsidiary of New Hut
Source (primary)
Hut 8 424B3 filed 2023-11-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Merger Sub will merge with and into USBTC, with each share of Series A preferred stock of USBTC...being exchanged for 0.6716 of a share of New Hut common stock”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The prospectus describes Merger Sub merging into USBTC at a 0.6716 exchange ratio for each listed USBTC share class. It also states that USBTC will become a wholly-owned subsidiary of New Hut.
Confirmed in the source:
- Merger Sub will merge with and into USBTC
- Each share of USBTC Series A Preferred, Series B Preferred, Series B-1 Preferred and common stock will be exchanged for 0.6716 of a share of New Hut common stock
- As a result of the Merger, USBTC will become a wholly-owned subsidiary of New Hut
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923116384/tm235928-42_424b3.htm) in full (1,232,285 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 424B3 filed 2023-11-09
Quote: “Merger Sub will merge with and into USBTC, with each share of Series A preferred stock of USBTC...being exchanged for 0.6716 of a share of New Hut common stock”