Financing ·
Abits Group Inc agrees to issue $7.5M in shares to Shakawe Capital under commitment fee arrangement
ABTSAbits Group Inc
Abits Group Inc entered into a Leak-Out Agreement and Standstill Waiver with Shakawe Capital LLC regarding an Equity Purchase Agreement dated September 14, 2026. The Company agreed to pay a US$7,500,000 commitment fee in Ordinary Shares or pre-funded warrants. The agreements impose volume restrictions on the sale of these shares and waive certain standstill provisions to allow for the issuance of Put Shares following the effectiveness of a resale registration statement. Abits Group Inc operates as a technology company.