ConvertibleActive
15% Convertible Notes due 2027
ANGX-May27
$2.77â–¼ 2.12%
BTC Holdings
303.1 BTC
Total Debt
$67.53M
Leverage
128.7%
mNAV
23.19x
Outstanding
$5.53M
Issue date
2025-05-02
Principal
$5.00M
Coupon
15.00%
Maturity
2027-05-01
Conversion price
$6.13
ITM Status
OTM (-54.8%)
- Warrant to purchase 163,322 shares at $6.13/share included with note
- Interest compounds monthly, payable at maturity
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Subordinated
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Call provision
- None - company does not have the right to prepay
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Issuance | $5.53M Outstanding principal $5,526,167 including accrued PIK interest |
| 2025-05-02 | Issuance | $5.00M |
- 2025-12-31 — $5,526,167Note 9 — Debt
- 2025-05-02 — $5,000,000Note 9 — Debt