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Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing
Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing. The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a restructuring in November 2023. A direct listing allows a company to list its existing shares on an exchange without an underwritten offering. No new shares are created, and insiders can sell their holdings instantly. Ionic's registered stockholders plan to sell up to 10.8 million shares of common stock in the listing. As part ... (full story)
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