Jonathan Robert Bates - Nov 4, 2024 Form 4 Insider Report for BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jonathan Robert Bates
Stock symbol
BMNR
Transactions as of
Nov 4, 2024
Transactions value $
$0
Form type
4
Date filed
12/4/2024, 05:14 PM
Previous filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMNR Common Stock Other -11.5M -100% 0 Nov 4, 2024 Owned by Innovative Digital Investors Emerging Technology, LP F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BMNR Series B Convertible Preferred Stock Other +2.3K +0.02% 11.5M Nov 4, 2024 Common Stock 11.5M $0.20 Owned by Innovative Digital Investors Emerging Technology, LP F1, F2, F3
transaction BMNR Series B Convertible Preferred Stock Other +200 +0% 12.5M Nov 4, 2024 Common Stock 1M $0.20 Owned by Innovative Digital Investors Emerging Technology, LP F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Innovative Digital Investors Emerging Technology, LP ("IDIET"), a Delaware limited partnership, exchanged 11,500,000 shares of common stock in the company for 2,300 shares of Series B Convertible Preferred Stock of the company.
F2 Shares owned by Innovative Digital Investors Emerging Technology, LP ("IDIET"), a Delaware limited partnership. Jonathan R. Bastes is the manager of Innovative Digital Investors, LLC, the general partner of IDIET, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by IDIET, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest in IDIET.
F3 Each share of Series B Convertible Preferred Stock is convertible immediately into that number of shares equal to its stated value divided by $0.20 per share. The stated value of each share of Series B Convertible Preferred Stock is $1,000. The conversion price is subject to proportionate adjustment as a result of any forward or reverse split of the company's common stock, as well as certain other corporate events. The Series B Convertible Preferred Stock is perpetual.
F4 IDIET purchased 200 shares of Series B Convertible Preferred Stock of the company for $200,000.