METX BTC Digital Ltd

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2023

 

Commission File Number: 001- 39258

 

BTC Digital Ltd.

(Translation of registrant’s name into English)

 

3rd Floor, Tower A

Tagen Knowledge & Innovation Center

2nd Shenyun West Road, Nanshan District

Shenzhen, Guangdong Province 518000

People’s Republic of China

(Address of principal executive offices) 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

Exhibits

 

Exhibit No.		Description
99.1		Press Release – BTC Digital Ltd. Announces Share Consolidation

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: August 23, 2023

  

	BTC Digital Ltd.
	By:	/s/ Siguang Peng
	Name:	Siguang Peng
	Title:	Chief Executive Officer

 

 

2

 

Exhibit 99.1

 

BTC Digital Ltd. Announces Share Consolidation

 

SHENZHEN, China, August 23, 2023 /PRNewswire/ -- BTC Digital Ltd. (“BTC Digital” or the “Company”) (NASDAQ: METX), a blockchain technology company, today announced that the Company plans to effect a share consolidation of twenty (20) ordinary shares with par value of $0.003 per share each in the Company’s issued and unissued share capital into one (1) ordinary share with par value of US$0.06 (the “Share Consolidation”). As a result of the Share Consolidation, each twenty (20) pre-consolidation ordinary shares outstanding will automatically combine and convert into one issued and outstanding ordinary share without any action on the part of the shareholders.

 

The Share Consolidation will be effective at 5:00 p.m. Cayman Islands time on August 23, 2023. Beginning with the opening of trading on August 24, 2023, the Company’s ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “METX” but under a new CUSIP number of G6055H 155. No fractional shares will be issued in connection with the Share Consolidation. All fractional shares will be rounded up to the whole number of shares. Immediately following the Share Consolidation, the authorized share capital of the Company will be US$1,500,000 divided into 25,000,000 ordinary shares of a par value of US$0.06 each.

 

After the Share Consolidation, the Company’s warrants listed on the Nasdaq Capital Market under the symbol “METXW” which will retain their existing CUSIP number, will be proportionately adjusted in accordance with their terms. The exercise prices of any outstanding share options, warrants, and equity incentive plans will be adjusted in accordance with their respective terms.

 

About BTC Digital Ltd.

 

BTC Digital Ltd. is a blockchain technology company, with a long-term strategy to create value across the metaverse, blockchain and cryptocurrency mining industry. The Company is committed to developing blockchain related businesses in North America, including cryptocurrency mining, mining farm construction, and mining pool and data center operation.

 

For more information, please visit: https://meten.investorroom.com

 

Safe Harbor Statement

 

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

 

For investor and media inquiries, please contact:

IR@meten.com

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