Online Blockchain Shares Close Lower After Issuing New Shares

Cryptocurrency miner Online Blockchain’s (LON: OBC) shares closed lower on Tuesday after the company announced it has issued 613,635 new ordinary shares.

Online Blockchain’s stock price closed the day down 8.60% at 42.6p per share.

The company issued each share at a price of 32p, receiving £196,363 in total with the proceeds going towards the business’ general working capital purposes.

WELCOME BONUS - Free Share Bundle When You Invest £50! Open a UK Investment Account: Shares, ISAs, Managed Portfolio Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply. IG

5.0

View Offers

Empfohlener Broker Multi Asset Platform

Social-Trading-Pionier mit Aktien, ETFs, Krypto und CFDs, Copy Trading inklusive. eToro

5.0

Weitere Informationen 52% of retail investor accounts lose money when trading CFDs with this provider. eToro is a multi asset investment platform. The value of your investments may go up or down. Your capital is at risk.

An application will be made for the new shares to be admitted to trading on the AIM, with Online Blockchain expecting it to take place on the 25th of January.

“Following the Admission of the 613,635 New Shares, the Company will have 11,432,800 Ordinary Shares in issue which will also represent the total number of voting rights in the Company,” stated the company.