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How will the reverse share split affect bit brother's Class A ordinary shares?

The reverse share split is expected to lead Bit Brother's Class A ordinary shares to trade at approximately fifteen times the price per share at which it trades prior to the effectiveness of the reverse share split.

When will bit brother's reverse split become effective?

The reverse split is expected to become effective on or around December 15, 2022. Upon the effectiveness, Bit Brother shareholders will receive one new class A ordinary share for every fifteen shares they hold. Bit Brother's class A ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on December 15, 2022.

How much of bit brother's Class A shares are outstanding?

As of January 8, 2024, there were approximately 3.8 Billion of Bit Brother's Class A ordinary shares outstanding. Effecting the 1 for 1,000 reverse split will reduce that amount to approximately 3.8 Million Class A ordinary shares outstanding. Treatment of Stock Options and Restricted Shares

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