BitNile Broadcasts On the Market Providing of Shares of 13.00% Sequence D Cumulative Redeemable Perpetual Most popular Inventory

LAS VEGAS, June 14, 2022– (BUSINESS WIRE) –BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding firm (“BitNile“or the”Firm“), introduced right this moment that it has established an” at-the-market “fairness providing program below which it might promote, occasionally, shares of its 13.00% Sequence D Cumulative Redeemable Perpetual Most popular Inventory (the” Sequence D Most popular Inventory “) for combination gross proceeds of as much as $ 46,400,000. The shares of Sequence D Most popular Inventory will probably be supplied via Ascendiant Capital Markets, LLC, which can act in its capability as gross sales agent (the” Agent “).

Pursuant to a gross sales settlement with the Agent, gross sales of shares of the Firm’s Sequence D Most popular Inventory could also be made in transactions which might be deemed to be “at-the-market” choices, together with gross sales made via strange brokers’ transactions on the NYSE American or in any other case at market costs prevailing on the time of sale or as agreed to with the Agent.

The Firm intends to make use of the web proceeds from the “at-the-market” fairness providing, if any, for the financing of doable acquisitions of different firms and applied sciences, the acquisition of bitcoin miners, enterprise expansions and investments and for working capital and basic company functions, which can embrace the compensation, refinancing, redemption or repurchase of future indebtedness or capital inventory. The Firm doesn’t have agreements or commitments for any particular acquisitions presently.

The shares of Sequence D Most popular Inventory described above are being supplied pursuant to a shelf registration assertion on Type S-3 (File No. 333-260618), which was declared efficient by the Securities and Change Fee (“SEC”) on November 12 , 2021. Such shares of Sequence D Most popular Inventory could also be supplied solely via a prospectus, together with a prospectus complement, forming part of the efficient registration assertion. Earlier than investing in these securities, potential traders ought to learn the prospectus complement and the accompanying prospectus for extra full details about the Firm and the “at-the-market” fairness providing program. Potential traders could receive these paperwork without cost by visiting EDGAR on the US Securities and Change Fee’s web site at www.sec.gov. Alternatively, potential traders could contact the Agent, who will organize to ship them these paperwork: Ascendiant Capital Markets, LLC, Consideration: Jennifer Martin, 110 Entrance Road, Suite 300, Jupiter, Florida 33477, phone: (561) 427-7788, e mail: jmartin@ascendiant.com.

This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities, in any state or different jurisdiction during which such supply, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or different jurisdiction.

For extra info on BitNile and its subsidiaries, BitNile recommends that stockholders, traders, and every other events learn BitNile’s public filings and press releases obtainable below the Investor Relations part at www.BitNile.com or obtainable at www.sec.gov.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding firm pursuing development by buying undervalued companies and disruptive applied sciences with a worldwide influence. By its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates an information middle at which it mines Bitcoin and offers mission-critical merchandise that help a various vary of industries, together with protection / aerospace, industrial, automotive, telecommunications, medical / biopharma and textiles. As well as, BitNile extends credit score to pick out entrepreneurial companies via a licensed lending subsidiary. BitNile’s headquarters are positioned at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

Ahead-Trying Statements

This press launch accommodates “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. These forward-looking statements typically embrace statements which might be predictive in nature and depend on or consult with future occasions or circumstances, and embrace phrases reminiscent of “believes,” “plans,” “anticipates,” “tasks,” “estimates,” ” expects, “” intends, “” technique, “” future, “” alternative, “” could, “” will, “” ought to, “” might, “” potential, “or comparable expressions. Statements that aren’t historic details are forward-looking statements. Ahead-looking statements are based mostly on present beliefs and assumptions which might be topic to dangers and uncertainties.

Ahead-looking statements communicate solely as of the date they’re made, and the Firm undertakes no obligation to replace any of them publicly in gentle of recent info or future occasions. Precise outcomes might differ materially from these contained in any forward-looking assertion on account of varied elements. Extra info, together with potential danger elements, that might have an effect on the Firm’s enterprise and monetary outcomes are included within the Firm’s filings with the US Securities and Change Fee, together with, however not restricted to, the Firm’s Kinds 10-Ok, 10-Q and eight – Ok. All filings can be found at www.sec.gov and on the Firm’s web site at www.BitNile.com.

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Contacts

BitNile Holdings Investor Contact:
IR@BitNile.com or 1-888-753-2235

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