500.com Limited Receives 356.04342 Bitcoins and Announces Closing of Private Placement
US:NYSE Investor Relations: 500.investorroom.com
SHENZHEN, China, Feb. 23, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a China-based enterprise committed to developing cryptocurrency mining businesses, today announced the closing of its previously announced private placement transaction pursuant to the definitive share subscription agreement with Good Luck Information Technology Co., Limited ("Good Luck Information") entered into on December 21, 2020. The Company has received 356.04342 Bitcoins and US$11.5 million in cash from Good Luck Information, and the Company has issued 85,572,963 newly issued Class A ordinary shares to Good Luck Information. The 356.04342 Bitcoins is the equivalent of US$11.5 million at the Bitcoin to U.S. dollars exchange rate fixed on January 21, 2021 at US$32,326.29 to one Bitcoin.About 500.com Limited500.com Limited (NYSE: WBAI) is committed to becoming a leading cryptocurrency mining enterprise in China. Since announcing its entry into the cryptocurrency industry in De
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News
- 500.com Limited Announces Board Approval of Changes to Company Names and Ticker Symbol, as well as Calling of Extraordinary General MeetingPR Newswire
- 500.com Limited Announces Agreement with BitDeer Subsidiary to Purchase Mining Machines with Total Computing Power of 113P, as well as Agreement to Purchase Ethereum Mining Machines with Total Computing Power of 4800GPR Newswire
- 500.com Limited Announces Acquisition of BTC.com BusinessesPR Newswire
- 500.com Limited Announces Unaudited Financial Results For the Fourth Quarter and Full Year ended December 31, 2020PR Newswire
- 500.com Limited to Report Fourth Quarter and Full Year 2020 Financial Results on February 8, 2021PR Newswire
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WBAI
SEC Filings
- 3/8/21 - Form 6-K
- 3/1/21 - Form SC
- 3/1/21 - Form 6-K
- WBAI's page on the SEC website
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