Athena Bitcoin Global, a U.S. crypto ATM operator focused on Latin America, has filed to register hundreds of millions of shares for resale by previous investors, signaling a potential exit linked to earlier debt financing. The SEC filing revealed plans to register 473 million common shares for resale by over two dozen shareholders, including early investors and former employees. Many shares were issued after converting secured convertible debentures into equity. Athena aims to enhance its profile as a leading Bitcoin ATM operator and attract more equity capital for expansion. This move allows investors to sell shares acquired through prior debt agreements, providing liquidity but potentially affecting shareholder value. Athena gained recognition in 2021 as the first to deploy Bitcoin ATMs in El Salvador. Its stock trades under the ticker ABIT on the OTC Pink Market, known for minimal disclosure and high investment risk. Despite plans, Athena has not yet applied for an uplisting to stricter OTC markets, and its stock has remained below $0.10 amid broader crypto market challenges. Read more AI-generated news on: https://app.chaingpt.org/news

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