Transactions

Overview

HIVE Blockchain Technologies Ltd. Completes $115 Million Bought Deal Private Placement

November 30, 2021

HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (Nasdaq:HIVE) (FSE:HBF) (the “Company”) completed a bought deal private placement of a total of 19,170,500 special warrants (the “Special Warrants”) at a price of $6.00 per Special Warrant for gross proceeds of $115,023,000 (the “Offering”). Each Special Warrant entitles the holder to receive, upon exercise or deemed exercise thereof, for no additional consideration, one unit of the Company, with each unit consisting of one common share and one-half of one common share purchase warrant of the Company (the “Underlying Securities”).

The Company intends to use the net proceeds of the Offering to support growth of the Company’s business and for working capital requirements and other general corporate purposes.

The Offering was conducted by Stifel GMP, as sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters including BMO Capital Markets, Canaccord Genuity Corp., and PI Financial Corp. (collectively, the “Underwriters”).

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that included Geoffrey Cher, Jeff Bookman, Niall Sweeney and Kassidy Doherty (corporate/securities).