Méliuz Launches $78 Million Public Offering to Acquire Bitcoin
Brazilian fintech Méliuz (CASH3) is launching a public share offering to raise up to R$450 million ($78 million) for purchasing bitcoin. Key details include:
- The offering consists of an initial issuance of 17 million common shares, expandable to 51 million based on demand.
- Shares will be sold exclusively to professional investors in Brazil and abroad under automatic registration rules.
- Each share comes with free subscription warrants divided into 10 series for future stock purchases at set prices.
- Méliuz expects to raise around $26 million initially, potentially tripling if overallotment options are exercised.
- Investors will receive 50.6 million warrants, with total issuance up to 152 million possible.
- The firm plans to use raised funds to acquire BTC as a "primary strategic asset".
- Méliuz currently holds 320.2 BTC.
- The company's shares dropped over 8% in Friday’s trading session.
Warrant trading is expected to start on June 16, with share settlement by June 18.