InvestmentMay 6, 2026, 04:25 PM
Farmhouse Secures $2.0M Strategic Investment via Convertible Note
AI Summary
Farmhouse, Inc. announced a $2.0 million strategic investment from Axiom Holdings Group LLC, structured as a senior unsecured convertible promissory note. The investment, with gross proceeds of $2.0 million (including $1.0 million cash and $1.0 million digital assets), will accelerate the company's digital asset treasury strategy, focusing on Bitcoin and Gold, and support broader corporate initiatives including potential uplisting. The note bears 15% interest, matures in 10 months, and features mandatory conversion into common stock at a price based on VWAP, subject to a floor and ceiling.
Key Highlights
- Secured $2.0 million strategic investment from Axiom Holdings Group LLC.
- Issued senior unsecured convertible promissory note with $2,222,222 original principal amount.
- Gross proceeds of $2.0 million, consisting of $1.0 million cash and $1.0 million digital assets.
- Net cash proceeds at closing were $884,000 after advance repayment and legal expenses.
- Note bears 15% annual interest, matures in 10 months, and is unsecured.
- Mandatory conversion at 75% of lowest 20-day VWAP, with a $0.15 floor and $0.50 ceiling.
- Company to reserve 200% of maximum shares issuable upon conversion at the minimum price.
- Proceeds to be deployed for digital asset treasury strategy, including Bitcoin and Gold, and uplisting efforts.