Shuttle Pharmaceuticals (NASDAQ:SHPH) closed its merger with United Dogecoin, making United Dogecoin a wholly owned subsidiary. The combined company will focus on mining Dogecoin (DOGE) and Litecoin (LTC) and holding mined coins as long-term treasury assets.
Shuttle issued 8,000 shares of Series B-1 Convertible Preferred Stock, potentially convertible into about 32,264,000 common shares, reserved up to 118,038,551 pre-funded warrants tied to post-closing milestones, and completed a $9.55 million PIPE financing. A purchase order grants the option to buy up to 3,000 ElphaPex Scrypt mining rigs, expected to provide up to roughly 43,200 GH/s and begin coming online within 60 days of equipment receipt…
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