Bitmine Immersion Technologies Inc SEC Filings

Bank of Montreal (BMO) is offering US$1.83 million of Senior Medium-Term Notes, Series K – Autocallable Barrier Notes with Contingent Coupons – linked to the iShares® Russell 2000 ETF (ticker “IWM”). The notes price on 30 June 2025, settle on 03 July 2025 and, if not redeemed earlier, mature on 03 July 2028. They are unsecured, unsubordinated obligations of BMO and are not listed on an exchange.

Coupon mechanics

• Contingent Coupon: 1.8125% per quarter (≈7.25% p.a.) paid only if IWM’s closing level on the relevant Observation Date is ≥ Coupon Barrier (80% of the Initial Level = $172.63).
• Observation Dates: Three trading days before each scheduled quarterly payment (Oct, Jan, Apr, Jul), starting 30 Sep 2025.

Autocall feature

• From 30 Sep 2025 onward, if IWM closes > 100% of its Initial Level ($215.79) on any Observation Date, the notes are automatically redeemed at par plus the applicable coupon on the following payment date.

Principal repayment at maturity

• No principal protection. If not autocalled, investors receive:
  • Par ($1,000) if a Trigger Event does not occur (Final Level ≥ Trigger Level, 80% of Initial).
  • Par minus 1% for every 1% decline in IWM below its Initial Level if a Trigger Event does occur (Final Level < Trigger Level). Losses can reach 100%.

Key issue terms

• Issue size: US$1,830,000 (minimum denominations $1,000).
• Coupon/Trigger/Barrier Levels: all set at 80% of Initial Level ($172.63).
• Initial estimated value: $968.18 per $1,000 note, versus a public offer price of 100% (includes 2.00% selling concession).
• Credit risk: payments depend solely on BMO’s ability to pay; the notes are not FDIC or CDIC insured.
• No secondary-market obligation; liquidity reliant on BMO Capital Markets (BMOCM) making a market.

Risk highlights

• Investors may receive no coupons if IWM stays below the 80% barrier on every Observation Date.
• If Final Level is below the Trigger Level, principal loss is linear with the underlying decline and could be total.
• Upside is capped at coupons; investors do not participate in any IWM appreciation beyond par return.
• Initial estimated value is 3.2% below issue price, reflecting dealer compensation and hedging cost.

Investor profile: suitable only for those seeking high contingent income, willing to accept small-cap equity volatility, early call risk, BMO credit exposure, illiquidity, and potential loss of capital.

Deutsche Bank AG is offering $3.0 million of 5.00% Fixed-Rate Callable Senior Debt Funding Notes maturing on 29 June 2029. The notes are issued at 100% of principal (minimum 99.65% for certain institutional or fee-based accounts) in minimum denominations of $1,000. Interest is paid annually in arrears each 30 June, calculated on a 30/360 basis. The bank may, at its sole discretion and subject to regulatory approval, redeem the notes at par in whole (not in part) on any semi-annual Optional Redemption Date beginning 30 June 2026 and ending 30 December 2028.

The securities are unsecured, unsubordinated senior preferred obligations intended to qualify as eligible liabilities for the EU Minimum Requirement for Own Funds and Eligible Liabilities (MREL). They are not FDIC-insured and carry typical Deutsche Bank credit risk. As bail-in eligible instruments, holders explicitly consent to possible Resolution Measures under EU/ German banking law, including write-down to zero or conversion into equity should the Single Resolution Board deem the bank non-viable.

Key economics

• Issue/Settlement dates: 26 June 2025 / 30 June 2025
• Principal amount: $3,000,000
• Gross proceeds to issuer: $2,994,000 after 0.35% maximum selling concession ($3.50 per note)
• CUSIP/ISIN: 25161FJF6 / US25161FJF62
• No stock-exchange listing; book-entry only via DTC

Primary risks include issuer credit risk, discretionary early redemption, interest-rate reinvestment risk if called, and potential bail-in loss under EU resolution rules. The small size and standard terms make the issuance largely immaterial to Deutsche Bank’s capital structure, but investors should assess whether the 5% fixed coupon adequately compensates for the credit and structural risks.

BitMine Immersion Technologies, Inc. (BMNR) has filed a Form S-8 to register 3,750,000 shares of post-reverse-split common stock for issuance under its new 2025 Equity Incentive Plan. The filing enables the company to issue equity-based awards to employees, directors and other eligible participants, a standard mechanism for aligning compensation with shareholder interests.

Under Form S-8 rules, only core details are provided. The prospectus for plan participants is omitted from the public filing but will be delivered privately in accordance with Rule 428(b)(1). The company incorporates by reference its most recent Form 10-K (FY ended 8/31/2024), Form 10-K/A, Form 10-Q (quarter ended 2/28/2025) and a series of Form 8-Ks filed between November 2024 and June 2025, as well as its Form S-1/A describing the common stock.

The filing outlines Delaware indemnification provisions that shield directors and officers, while acknowledging the SEC’s position that indemnification for Securities Act liabilities is unenforceable. No experts named in the statement have contingent interests, and no exemptions from registration are claimed.

Key undertakings commit BMNR to file post-effective amendments for material changes, remove unsold shares at offering termination, and treat subsequent Exchange Act filings as new registration statements for liability purposes.

For investors, the plan introduces potential dilution equal to the newly registered shares but may improve talent retention and incentive alignment. No financial performance metrics, offering price, or timetable are disclosed in the document.