BTCS Inc. Commences Modified Dutch Auction Cash Tender Offer for Its Series V Preferred Stock at $0.04 to $1.00 per Share
BTCS announced a modified Dutch auction cash tender offer to purchase up to $500,000 of its Series V Preferred Stock. The offer price is between $0.04 and $1.00 per share, payable in cash, subject to applicable withholding taxes.
Why it matters — The offer outlines a company plan to repurchase a limited amount of Series V Preferred Stock and sets the stated price range and maximum purchase amount.