encryptionATM operator Athena Bitcoin applies to SEC to register 4.73 billion common shares for early investors to resell

Gate News bot news, according to Decrypt, Athena Bitcoin Global, a Cryptocurrency ATM operator based in the United States, focuses on pumping the Latin American market. The company has applied to register billions of shares for resale by early investors, signaling its possible exit through early debt financing.

On Tuesday, the S-1 filed with the U.S. Securities and Exchange Commission (SEC) detailed how Athena will register 473 million shares of common stock for resale by over twenty shareholders, including early supporters, insiders, and former employees.

Many of the company's stocks are issued after the conversion of convertible bonds (a debt instrument that can be converted into equity in the future).

Athena stated that this sign up will enhance its image as the international leading company in Bitcoincrypto Assets ATM and may make it easier to attract more equity capital, which is the funding needed for its expansion.