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[6-K] Bit Origin Limited Current Report (Foreign Issuer)

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Rhea-AI Filing Summary

Kineta, Inc. (symbol: KA), now operating as Kineta, LLC following its June 30, 2025 closing of the merger with TuHURA Biosciences, filed Post-Effective Amendment No. 1 to nine previously effective Form S-8 registration statements.

The filing deregisters all remaining, unsold shares—covering roughly 13 million shares in the aggregate—originally registered for issuance under multiple legacy equity compensation plans of Kineta, Proteostasis Therapeutics, and Yumanity Therapeutics. Because the company ceased to exist as a standalone issuer at the effective time of the two-step merger, these equity offerings are terminated and the corresponding securities are removed from registration.

There are no new securities issuances, capital raises, or financial figures in this amendment; it is an administrative action to satisfy Securities Act undertakings. The submission also confirms Kineta’s status as a non-accelerated filer and smaller reporting company, and it is signed by President James A. Bianco, M.D.

For investors, the amendment signals completion of post-merger housekeeping. All future equity grants will occur under TuHURA’s registration statements, while legacy plans are effectively retired.

Kineta, Inc. (simbolo: KA), ora operante come Kineta, LLC a seguito della chiusura della fusione con TuHURA Biosciences il 30 giugno 2025, ha depositato l'Emendamento Post-Esecutivo N. 1 a nove precedenti dichiarazioni di registrazione Form S-8 già efficaci.

Il deposito cancella la registrazione di tutte le azioni residue non vendute—circa 13 milioni di azioni complessivamente—originariamente registrate per l'emissione nell'ambito di vari piani di compensazione azionaria legacy di Kineta, Proteostasis Therapeutics e Yumanity Therapeutics. Poiché la società ha cessato di esistere come emittente indipendente al momento dell'efficacia della fusione in due fasi, queste offerte azionarie sono state terminate e i titoli corrispondenti rimossi dalla registrazione.

Non vi sono nuove emissioni di titoli, raccolte di capitale o dati finanziari in questo emendamento; si tratta di un'azione amministrativa per adempiere agli obblighi previsti dal Securities Act. La presentazione conferma inoltre lo status di Kineta come non-accelerated filer e smaller reporting company, ed è firmata dal Presidente James A. Bianco, M.D.

Per gli investitori, l'emendamento segnala il completamento delle operazioni post-fusione. Tutte le future assegnazioni di azioni avverranno sotto le dichiarazioni di registrazione di TuHURA, mentre i piani legacy sono effettivamente ritirati.

Kineta, Inc. (símbolo: KA), que ahora opera como Kineta, LLC tras el cierre de la fusión con TuHURA Biosciences el 30 de junio de 2025, presentó la Enmienda Post-Efectiva Nº 1 a nueve declaraciones de registro Form S-8 previamente vigentes.

La presentación anula la registración de todas las acciones restantes no vendidas, que suman aproximadamente 13 millones de acciones en total, originalmente registradas para su emisión bajo varios planes heredados de compensación accionaria de Kineta, Proteostasis Therapeutics y Yumanity Therapeutics. Dado que la compañía dejó de existir como emisor independiente en el momento efectivo de la fusión en dos etapas, estas ofertas de acciones se terminan y los valores correspondientes se eliminan del registro.

No hay nuevas emisiones de valores, aumentos de capital ni cifras financieras en esta enmienda; es una acción administrativa para cumplir con los compromisos de la Ley de Valores. La presentación también confirma el estatus de Kineta como no-accelerated filer y smaller reporting company, y está firmada por el presidente James A. Bianco, M.D.

Para los inversores, la enmienda señala la finalización de las tareas administrativas posteriores a la fusión. Todas las futuras asignaciones de acciones se realizarán bajo las declaraciones de registro de TuHURA, mientras que los planes heredados quedan efectivamente retirados.

Kineta, Inc. (심볼: KA)는 2025년 6월 30일 TuHURA Biosciences와의 합병 마감 이후 Kineta, LLC로 운영되며, 이전에 효력이 있었던 9개의 Form S-8 등록신고서에 대한 사후효력 수정서 1호를 제출했습니다.

이 제출은 남아있는 미판매 주식 전부의 등록을 말소합니다—총 약 1,300만 주에 해당하며, 이는 Kineta, Proteostasis Therapeutics, Yumanity Therapeutics의 여러 기존 주식 보상 계획에 따라 발행 등록된 주식입니다. 회사가 두 단계 합병의 효력 발생 시점에 독립 발행인으로서 존재하지 않게 되었으므로, 이 주식 제공은 종료되고 해당 증권은 등록에서 제거됩니다.

이번 수정서에는 신규 증권 발행, 자본 조달, 재무 수치가 포함되어 있지 않으며, 증권법상의 의무를 이행하기 위한 행정적 조치입니다. 또한 Kineta가 비가속 신고자 및 소규모 보고 회사임을 확인하며, James A. Bianco 박사가 서명했습니다.

투자자들에게 이번 수정서는 합병 후 정리 작업 완료를 알리는 신호입니다. 앞으로의 모든 주식 부여는 TuHURA의 등록신고서 하에 이루어지며, 기존 계획은 사실상 종료됩니다.

Kineta, Inc. (symbole : KA), opérant désormais sous le nom de Kineta, LLC suite à la clôture de sa fusion avec TuHURA Biosciences le 30 juin 2025, a déposé un Amendement Post-Effectif n° 1 à neuf déclarations d'enregistrement Form S-8 précédemment effectives.

Le dépôt désenregistre toutes les actions restantes non vendues—environ 13 millions d'actions au total—initialement enregistrées pour émission dans le cadre de plusieurs plans d'intéressement en actions hérités de Kineta, Proteostasis Therapeutics et Yumanity Therapeutics. Étant donné que la société a cessé d'exister en tant qu'émetteur indépendant au moment de l'entrée en vigueur de la fusion en deux étapes, ces offres d'actions sont terminées et les titres correspondants sont retirés de l'enregistrement.

Il n'y a aucune nouvelle émission de titres, levée de fonds ou données financières dans cet amendement ; il s'agit d'une action administrative visant à satisfaire aux engagements du Securities Act. Le dépôt confirme également le statut de Kineta en tant que non-accelerated filer et smaller reporting company, et il est signé par le président James A. Bianco, M.D.

Pour les investisseurs, cet amendement marque l'achèvement des opérations de clôture post-fusion. Toutes les futures attributions d'actions se feront sous les déclarations d'enregistrement de TuHURA, tandis que les plans hérités sont effectivement retirés.

Kineta, Inc. (Ticker: KA) agiert nun als Kineta, LLC nach dem Abschluss der Fusion mit TuHURA Biosciences am 30. Juni 2025 und hat den Post-Effective Amendment Nr. 1 zu neun zuvor wirksamen Form S-8-Registrierungserklärungen eingereicht.

Die Einreichung streicht alle verbleibenden, unveräußerten Aktien aus der Registrierung—insgesamt etwa 13 Millionen Aktien—die ursprünglich zur Ausgabe im Rahmen mehrerer älterer Aktienvergütungspläne von Kineta, Proteostasis Therapeutics und Yumanity Therapeutics registriert waren. Da das Unternehmen zum Zeitpunkt des Wirksamwerdens der zweistufigen Fusion nicht mehr als eigenständiger Emittent existierte, werden diese Aktienangebote beendet und die entsprechenden Wertpapiere aus der Registrierung entfernt.

In dieser Änderung gibt es keine neuen Wertpapierausgaben, Kapitalerhöhungen oder Finanzzahlen; es handelt sich um eine administrative Maßnahme zur Erfüllung der Verpflichtungen nach dem Securities Act. Die Einreichung bestätigt außerdem den Status von Kineta als non-accelerated filer und smaller reporting company und ist vom Präsidenten James A. Bianco, M.D., unterzeichnet.

Für Investoren signalisiert die Änderung den Abschluss der Nachfusion-Aufräumarbeiten. Alle zukünftigen Aktienzuteilungen erfolgen unter den Registrierungserklärungen von TuHURA, während die alten Pläne effektiv eingestellt werden.

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Insights

TL;DR: Purely administrative S-8 deregistration after TuHURA merger; minimal direct investor impact.

This Post-Effective Amendment is standard practice when an issuer ceases to exist after a merger. By removing unsold shares from nine legacy equity plans, Kineta avoids ongoing SEC reporting obligations and potential Section 11 liability. It confirms legal consummation of the TuHURA transaction and cleans the company’s registration shelf. No valuation metrics, dilution effects, or cash movements arise. Shareholder economic interests now reside in TuHURA securities, so the filing is neutral for valuation but important for compliance hygiene.

TL;DR: Filing closes old equity plans; investment thesis unchanged.

The deregistration eliminates about 13 million potential shares tied to pre-merger option pools, but those shares were never in TuHURA’s fully diluted count. Investors should already have priced in the June 30 merger; this step simply finalises the legal merger mechanics. There is no EPS effect, cash cost, or new dilution. I classify the news as administratively neutral and not trading-actionable.

Kineta, Inc. (simbolo: KA), ora operante come Kineta, LLC a seguito della chiusura della fusione con TuHURA Biosciences il 30 giugno 2025, ha depositato l'Emendamento Post-Esecutivo N. 1 a nove precedenti dichiarazioni di registrazione Form S-8 già efficaci.

Il deposito cancella la registrazione di tutte le azioni residue non vendute—circa 13 milioni di azioni complessivamente—originariamente registrate per l'emissione nell'ambito di vari piani di compensazione azionaria legacy di Kineta, Proteostasis Therapeutics e Yumanity Therapeutics. Poiché la società ha cessato di esistere come emittente indipendente al momento dell'efficacia della fusione in due fasi, queste offerte azionarie sono state terminate e i titoli corrispondenti rimossi dalla registrazione.

Non vi sono nuove emissioni di titoli, raccolte di capitale o dati finanziari in questo emendamento; si tratta di un'azione amministrativa per adempiere agli obblighi previsti dal Securities Act. La presentazione conferma inoltre lo status di Kineta come non-accelerated filer e smaller reporting company, ed è firmata dal Presidente James A. Bianco, M.D.

Per gli investitori, l'emendamento segnala il completamento delle operazioni post-fusione. Tutte le future assegnazioni di azioni avverranno sotto le dichiarazioni di registrazione di TuHURA, mentre i piani legacy sono effettivamente ritirati.

Kineta, Inc. (símbolo: KA), que ahora opera como Kineta, LLC tras el cierre de la fusión con TuHURA Biosciences el 30 de junio de 2025, presentó la Enmienda Post-Efectiva Nº 1 a nueve declaraciones de registro Form S-8 previamente vigentes.

La presentación anula la registración de todas las acciones restantes no vendidas, que suman aproximadamente 13 millones de acciones en total, originalmente registradas para su emisión bajo varios planes heredados de compensación accionaria de Kineta, Proteostasis Therapeutics y Yumanity Therapeutics. Dado que la compañía dejó de existir como emisor independiente en el momento efectivo de la fusión en dos etapas, estas ofertas de acciones se terminan y los valores correspondientes se eliminan del registro.

No hay nuevas emisiones de valores, aumentos de capital ni cifras financieras en esta enmienda; es una acción administrativa para cumplir con los compromisos de la Ley de Valores. La presentación también confirma el estatus de Kineta como no-accelerated filer y smaller reporting company, y está firmada por el presidente James A. Bianco, M.D.

Para los inversores, la enmienda señala la finalización de las tareas administrativas posteriores a la fusión. Todas las futuras asignaciones de acciones se realizarán bajo las declaraciones de registro de TuHURA, mientras que los planes heredados quedan efectivamente retirados.

Kineta, Inc. (심볼: KA)는 2025년 6월 30일 TuHURA Biosciences와의 합병 마감 이후 Kineta, LLC로 운영되며, 이전에 효력이 있었던 9개의 Form S-8 등록신고서에 대한 사후효력 수정서 1호를 제출했습니다.

이 제출은 남아있는 미판매 주식 전부의 등록을 말소합니다—총 약 1,300만 주에 해당하며, 이는 Kineta, Proteostasis Therapeutics, Yumanity Therapeutics의 여러 기존 주식 보상 계획에 따라 발행 등록된 주식입니다. 회사가 두 단계 합병의 효력 발생 시점에 독립 발행인으로서 존재하지 않게 되었으므로, 이 주식 제공은 종료되고 해당 증권은 등록에서 제거됩니다.

이번 수정서에는 신규 증권 발행, 자본 조달, 재무 수치가 포함되어 있지 않으며, 증권법상의 의무를 이행하기 위한 행정적 조치입니다. 또한 Kineta가 비가속 신고자 및 소규모 보고 회사임을 확인하며, James A. Bianco 박사가 서명했습니다.

투자자들에게 이번 수정서는 합병 후 정리 작업 완료를 알리는 신호입니다. 앞으로의 모든 주식 부여는 TuHURA의 등록신고서 하에 이루어지며, 기존 계획은 사실상 종료됩니다.

Kineta, Inc. (symbole : KA), opérant désormais sous le nom de Kineta, LLC suite à la clôture de sa fusion avec TuHURA Biosciences le 30 juin 2025, a déposé un Amendement Post-Effectif n° 1 à neuf déclarations d'enregistrement Form S-8 précédemment effectives.

Le dépôt désenregistre toutes les actions restantes non vendues—environ 13 millions d'actions au total—initialement enregistrées pour émission dans le cadre de plusieurs plans d'intéressement en actions hérités de Kineta, Proteostasis Therapeutics et Yumanity Therapeutics. Étant donné que la société a cessé d'exister en tant qu'émetteur indépendant au moment de l'entrée en vigueur de la fusion en deux étapes, ces offres d'actions sont terminées et les titres correspondants sont retirés de l'enregistrement.

Il n'y a aucune nouvelle émission de titres, levée de fonds ou données financières dans cet amendement ; il s'agit d'une action administrative visant à satisfaire aux engagements du Securities Act. Le dépôt confirme également le statut de Kineta en tant que non-accelerated filer et smaller reporting company, et il est signé par le président James A. Bianco, M.D.

Pour les investisseurs, cet amendement marque l'achèvement des opérations de clôture post-fusion. Toutes les futures attributions d'actions se feront sous les déclarations d'enregistrement de TuHURA, tandis que les plans hérités sont effectivement retirés.

Kineta, Inc. (Ticker: KA) agiert nun als Kineta, LLC nach dem Abschluss der Fusion mit TuHURA Biosciences am 30. Juni 2025 und hat den Post-Effective Amendment Nr. 1 zu neun zuvor wirksamen Form S-8-Registrierungserklärungen eingereicht.

Die Einreichung streicht alle verbleibenden, unveräußerten Aktien aus der Registrierung—insgesamt etwa 13 Millionen Aktien—die ursprünglich zur Ausgabe im Rahmen mehrerer älterer Aktienvergütungspläne von Kineta, Proteostasis Therapeutics und Yumanity Therapeutics registriert waren. Da das Unternehmen zum Zeitpunkt des Wirksamwerdens der zweistufigen Fusion nicht mehr als eigenständiger Emittent existierte, werden diese Aktienangebote beendet und die entsprechenden Wertpapiere aus der Registrierung entfernt.

In dieser Änderung gibt es keine neuen Wertpapierausgaben, Kapitalerhöhungen oder Finanzzahlen; es handelt sich um eine administrative Maßnahme zur Erfüllung der Verpflichtungen nach dem Securities Act. Die Einreichung bestätigt außerdem den Status von Kineta als non-accelerated filer und smaller reporting company und ist vom Präsidenten James A. Bianco, M.D., unterzeichnet.

Für Investoren signalisiert die Änderung den Abschluss der Nachfusion-Aufräumarbeiten. Alle zukünftigen Aktienzuteilungen erfolgen unter den Registrierungserklärungen von TuHURA, während die alten Pläne effektiv eingestellt werden.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File Number: 001-38857

 

BIT ORIGIN LTD

(Translation of registrant’s name into English)

 

27F, Samsung Hub

3 Church Street Singapore 049483

T: 347-556-4747

(Address of principal executive office)

 

 

 

 Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

  Form 20-F x Form 40-F ¨  

 

 

 

 

 

On January 3, 2025, Bit Origin Ltd (the “Company”) received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) (the “Deficiency Letter”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the “Rule”), which requires listed companies to maintain stockholders’ equity of at least $2.5 million.

 

In response, the Company submitted a compliance plan to Nasdaq on February 17, 2025, outlining a series of initiatives intended to restore compliance with the Rule. Based on its review of the submission, Nasdaq granted the Company an extension through June 30, 2025, to demonstrate compliance. This Report on Form 6-K is being furnished in accordance with Nasdaq’s instructions to provide an update on the Company’s efforts and its current compliance status.

 

Since receipt of the Deficiency Letter, the Company has undertaken several measures that have materially impacted its financial position:

 

Conversion of secured convertible debentures

 

As previously disclosed in a Report on Form 6-K filed by the Company on April 18, 2025, the Company’s outstanding convertible debentures issued in December 2023 and May 2024 (the “Notes”) in the amount of approximately $8.06 million in principal and accrued interest were converted into Class A ordinary shares, par value $0.30 per share, resulting in the issuance of 12,279,101 ordinary shares. Following the conversions, the Notes were retired. The conversion resulted in a reduction of the Company’s outstanding indebtedness and a corresponding increase in stockholders’ equity

 

Development in operations

 

The Company has continued the execution of its strategic plan with a focus on blockchain infrastructure. Specifically, it entered into three sales agreements for 495 Aethir cloud rendering miners, generating approximately $484,500 in aggregate revenue. The Company believes these transactions demonstrate the commercial viability of its new operational direction and its ability to generate revenue under a capital-constrained environment.

 

As a result of the foregoing, the Company’s stockholders’ equity as of May 31, 2025, was approximately $3.6 million and, as of the date of this report, the Company believes it has at least $2.5 million in stockholders’ equity as required by the Rule. The Company awaits Nasdaq’s formal confirmation that the Company has evidenced compliance with the Rule. Furthermore, Nasdaq will continue to monitor the Company’s compliance with the Rule. If the Company does not evidence compliance at the time of its next periodic report, including its Annual Report on Form 20-F for the fiscal year ending June 30, 2025, Nasdaq may initiate proceedings to delist the Company’s securities. The Company intends to continue making diligent efforts to maintain ongoing compliance with all applicable Nasdaq listing standards.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 30, 2025 BIT ORIGIN LTD
     
  By: /s/ Jinghai Jiang
  Name: Jinghai Jiang
  Title: Chief Executive Officer, Chief Operating Officer and Chairman of the Board

 

 

 

Bit Origin Limited

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