Bitcoin miner Bitcoin Group Limited today lodged a Supplementary Prospectus with the Australian Securities and Investments Commission (ASIC), with the main goal of the document being to extend the offer period for the company’s planned initial public offering (IPO) on the Australian Securities Exchange (ASX).
The company has earlier voiced its intentions to extend the offer period, but earlier plans have indicated a shorter extension that the one unveiled today. According to the latest information, the new Closing Date of the Offer is set for November 20, 2015.
This also means that the indicative date for the dispatch of holding statements “6 November” is replaced with the date “6 December”, and the indicative date for quotation of shares on ASX of “11 November” is replaced with the date “11 December”.
The company has previously stated that the aim of the rescheduling is to “allow a sufficient time for all actual and prospective investors to consider their position”.
The Bitcoin miner has encountered several hurdles in Australia regarding its IPO plans. On July 13, 2015, ASIC issued an interim stop order against these plans – then other stop orders followed, until a new prospectus was finally released in early September.
You can view the Supplementary Prospectus by clicking here.