ConvertibleActive
15% Convertible Notes due 2027
ANGX-May27
BTC Holdings
303.1 BTC
Total Debt
$121.03M
Leverage
356.7%
mNAV
17.09x
Outstanding
$5.53M
Issue date
2025-05-02
Principal
$5.00M
Coupon
15.00%
Maturity
2027-05-01
Conversion price
$6.13
- 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
Sources(1)
- Form 10-K (2025)FilingForm 10-K (2025)Note 9 — DebtAngel Studios, Inc. — 2026-03-12
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Issuance | $5.53M Outstanding principal $5,526,167 including accrued PIK interest | Form 10-K (2025) |
| 2025-05-02 | Issuance | $5.00M | Form 10-K (2025) |
- 2025-12-31 — $5,526,167Note 9 — Debt — filing — Angel Studios, Inc.Source
- 2025-05-02 — $5,000,000Note 9 — Debt — filing — Angel Studios, Inc.Source