SCHEDULE: Empery Asset Management Discloses Abits Group Stake

Empery Asset Management, LP and Ryan M. Lane have filed a Schedule 13G, reporting beneficial ownership of 9.99% of Abits Group Inc.'s ordinary shares, including shares issuable upon warrant exercise.

Summary

• Empery Asset Management, LP and Ryan M. Lane have jointly filed a Schedule 13G, indicating their beneficial ownership of Abits Group Inc. securities.
• The filing reports ownership of 273,771 ordinary shares and an additional 101,010 ordinary shares issuable upon exercise of warrants.
• This combined holding represents 9.99% of the outstanding ordinary shares of Abits Group Inc.
• The ownership is subject to a 'Blocker' provision in the warrants, which prevents exercise if it would result in beneficial ownership exceeding 9.99%.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a standard disclosure of beneficial ownership and does not provide new financial performance data or strategic initiatives.

Positives

• Reporting Persons have acquired a significant stake, reaching the 9.99% ownership threshold.
• The filing indicates active investment management by Empery Asset Management, LP.

Negatives

• The 'Blocker' provision limits the ability to exercise all warrants, capping ownership at 9.99%.

Risks

• The 'Blocker' provision in the warrants may prevent the Reporting Persons from fully exercising their rights if the outstanding share count fluctuates.
• Potential for future changes in beneficial ownership, which would require new filings.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from management regarding future performance. It primarily reports current beneficial ownership.

Management Comments

• Each of the Empery Funds and the Reporting Individual hereby disclaims any beneficial ownership of any such Ordinary Shares.
• The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the Ordinary Shares owned by another Reporting Person.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant shareholders to disclose their holdings. This filing indicates Empery Asset Management's strategic interest in Abits Group Inc., reaching a threshold that requires public disclosure.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding significant ownership, which can influence market perception and trading activity.
• Management of Abits Group Inc.: The filing signals a substantial investor presence, potentially leading to engagement on corporate strategy or governance.

Next Steps

• Reporting Persons will continue to monitor their beneficial ownership of Abits Group Inc. securities.
• Any future changes in beneficial ownership exceeding reporting thresholds will necessitate further filings.

Key Dates

Keywords

Schedule 13G, Abits Group Inc., Empery Asset Management, LP, Ryan M. Lane, Beneficial Ownership, Ordinary Shares, Warrants, SEC Filing, Investment Management