TNL Mediagene Repays Convertible Notes, Terminates Note SPA
TNL Mediagene announced the full repayment of its senior convertible note issued to 3i, LP in December 2025, totaling $1,816,667.03 (principal and interest) via 3,381,700 ordinary shares. Concurrently, the company and 3i, LP mutually terminated the underlying Note Securities Purchase Agreement (Note SPA) and all related agreements, including registration rights and subsidiary guarantees. This action extinguishes all obligations under the Note SPA, though a warrant to 3i and an agreement with Tumim Stone Capital remain active. The termination also grants 3i, LP the right to participate in future financings for one year, and the company noted that no convertible notes remain outstanding under this facility.
Key Highlights
- TNL Mediagene fully repaid the senior convertible note (Second Note) issued to 3i, LP.
- The repayment included $1,666,667.00 principal and $150,000.03 accrued interest.
- Repayment was completed on July 8, 2026, using 3,381,700 ordinary shares.
- The Note Securities Purchase Agreement (Note SPA) with 3i, LP was terminated on July 23, 2026.
- All related agreements, including registration rights and subsidiary guarantees, were also terminated.
- The ordinary share purchase warrant to 3i (December 2025) and the Tumim Stone Capital agreement (November 2024) remain active.
- 3i, LP retains a right to participate in future financings up to 25% for one year.
- No convertible notes remain outstanding under the facility, reducing potential dilution.
Price Impact
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