Loan & DebtJun 29, 2026, 09:07 AM
BIT ORIGIN to Issue $2M Senior Convertible Note at $1.63 Conversion Price
AI Summary
BIT ORIGIN Ltd announced the issuance of a Senior Convertible Note for $2,000,000, maturing on June 29, 2030, with a conversion price of $1.63. The company intends to use the net proceeds for working capital and general corporate purposes. The Convertible Note, issued in a private placement, includes various negative covenants and standard events of default.
Key Highlights
- BIT ORIGIN Ltd to issue a Senior Convertible Note for $2,000,000.
- The Convertible Note matures on June 29, 2030.
- Conversion price set at $1.63 per share.
- Proceeds will be used for working capital and general corporate purposes.
- The note includes negative covenants and standard events of default.
- Securities were issued in a private placement, unregistered under the Securities Act.
Price Impact
More from BTOG