The Planned IPO Values up to $796M for the Bitcoin Miner Rhodium.
They plan to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO)! this is according to U.S. Securities and Exchange Commission (SEC) filing.
They plan to use their proceeds to pay their debt and accrued interest under its bridge loan. They kinda got a big debt amounting to approximately $31 million as of Sept. 30