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Riot Platforms | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC announcement ·  May 28 16:37
Summary by Moomoo AI
On May 28, 2024, Riot Platforms, Inc. CEO Jason Les announced a non-binding proposal for a business combination with Bitfarms Ltd. The proposal, which was shared on social media platforms X and LinkedIn, is not an offer to Bitfarms shareholders and may not result in a definitive offer or transaction. Riot Platforms has stated that there is no assurance of a definitive offer being made, acceptance by Bitfarms, or the consummation of any transaction. The company also highlighted that forward-looking statements in the announcement are subject to risks and uncertainties, and actual results may differ materially. Riot Platforms has filed relevant risk factors and cautionary notes in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, with...Show More
On May 28, 2024, Riot Platforms, Inc. CEO Jason Les announced a non-binding proposal for a business combination with Bitfarms Ltd. The proposal, which was shared on social media platforms X and LinkedIn, is not an offer to Bitfarms shareholders and may not result in a definitive offer or transaction. Riot Platforms has stated that there is no assurance of a definitive offer being made, acceptance by Bitfarms, or the consummation of any transaction. The company also highlighted that forward-looking statements in the announcement are subject to risks and uncertainties, and actual results may differ materially. Riot Platforms has filed relevant risk factors and cautionary notes in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, with the SEC. The communication is informational and does not constitute an offer to sell securities or a solicitation of proxies from Bitfarms shareholders. Riot Platforms may file additional regulatory filings with the SEC and Canadian securities regulatory authorities regarding the proposed transaction, and investors are urged to read these filings carefully if and when they become available.

This announcement is a separate document:

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