ConvertibleExpired
8% Convertible Notes due 2026
AVX-Jan25
$5.57▼ 2.79%
BTC Holdings
21.145 BTC
Total Debt
$15.46M
Leverage
0.0%
mNAV
31.69x
Outstanding
$0.00
Issue date
2025-01-16
Principal
$7.70M
Coupon
8.00%
Maturity
2026-01-16
Conversion price
$205.2
Premium at issue
-27.5%
ITM Status
OTM (-97.3%)
- Original conversion price $2.62/share, amended to $1.90 on May 1, 2025
- Maturity date and coupon approximate — exact terms not fully disclosed in available filings
Analytics
ITM History
Stock price vs conversion price ($205.2)OTM -90.7%
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured, first lien on all Company assets
- Settlement
- Shares
- Payment frequency
- Monthly
- Payment dates
- 16
- Rate type
- Step-up
- Rate reference
- 5% first 12 months, 8% thereafter
- Call provision
- Redeemable at 105% of outstanding principal plus accrued interest after 90 days from Effective Date, subject to Equity Conditions
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Conversion | $0.00 Fully converted during 2025 |
| 2025-01-16 | Issuance | $7.70M |
- 2025-12-31 — $0Note 10 — Debentures
- 2025-01-16 — $7,700,000Note 24 — Subsequent Events