ConvertibleExpiredBTC
4% Convertible Notes due 2027
BLGV-Jul27
0.03 CAD▼ 16.67%
BTC Holdings
13 BTC
Total Debt
C$0.00
Leverage
0.0%
mNAV
2.93x
Outstanding
$0.00
Issue date
2025-07-30
Principal
$5.00M
Coupon
4.00%
Maturity
2027-07-30
Conversion price
C$0.13
Premium at issue
-59.7%
ITM Status
OTM (-80.0%)
- BTC-collateralized; 42.38 BTC returned to Round13 if unconverted at maturity
- Conversion price repriced from C$0.71 to C$0.125 (Oct 2025)
Analytics
ITM History
Stock price vs conversion price (C$0.13)OTM -76.0%
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Rate type
- Fixed
- Forced conversion
- If common shares trade at or above C$0.17 for 10 consecutive trading days, company may announce acceleration within 7 days. Round13 then has 30 days to convert at C$0.125/share; unconverted portion reverts to C$0.71 conversion price.
- Use of proceeds
- BTC acquisition
Participants
Holders & Underwriters(1)
- Closes USD $5M Convertibl…Round13 Digital Asset Fund L.P.holderC$5Mas of 2025-07-30
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | Repayment | $0.00 Principal fully settled; only accrued interest of CAD 194,350 remains payable. |
| 2026-03-09 | Repayment | $0.00 Fully repaid via return of 42.377 BTC |
| 2025-07-30 | Issuance | $5.00M |
- 2026-03-31 — $0Note 7 — Convertible Debenture
- 2026-03-09 — $0
- 2025-07-30 — $5,000,000