Loan & DebtMay 29, 2026, 04:28 PM
Avalanche Treasury Secures $25M Collateralized Open Loan
AI Summary
Avalanche Treasury Company LLC (AVAT) secured a $25 million collateralized open loan from FalconX Charlie, Inc. on May 29, 2026, under a Master Lender Agreement signed in March 2026. The loan, carrying a 7% annual fee, will be collateralized by approximately 5.6 million AVAX tokens and is intended to finance closing costs for its Business Combination. Additionally, Avalanche Treasury Corporation reported a net loss of $(139,635) and Avalanche Treasury Company LLC reported a net loss of $(26,780,242) for the three months ended March 31, 2026.
Key Highlights
- Avalanche Treasury Company LLC signed a Master Lender Agreement with FalconX Charlie, Inc. on March 20, 2026.
- Executed a $25 million collateralized open loan on May 29, 2026, with a 7% annual fee.
- Loan will be collateralized by approximately 5.6 million AVAX tokens, based on a 200% initial collateral ratio.
- Collateral to be held in a segregated custody account with Anchorage Digital Bank N.A.
- Loan proceeds will finance certain closing costs for the Business Combination.
- Avalanche Treasury Corp reported a net loss of $(139,635) for the three months ended March 31, 2026.
- Avalanche Treasury Company LLC reported a net loss of $(26,780,242) for the three months ended March 31, 2026.
Price Impact
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