Innovative Digital Investors Emerging Technology LP - Nov 4, 2024 Form 4 Insider Report for BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)

Role
10%+ Owner
Signature
By /s/ Jonathan Robert Bates, managing member of general partner
Stock symbol
BMNR
Transactions as of
Nov 4, 2024
Transactions value $
$0
Form type
4
Date filed
12/4/2024, 05:15 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 Direct F1

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 Direct F1, F2
transaction BMNR Series B Convertible Preferred Stock Other +200 +0% 12.5M Nov 4, 2024 Common Stock 1M $0.20 Direct F2, F3
* 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 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.
F3 IDIET purchased 200 shares of Series B Convertible Preferred Stock of the company for $200,000.