ConvertibleExpired
5.3% Convertible Notes due 2026
DEVS-FIP
$0.22▼ 28.42%
BTC Holdings
22.229 BTC
Total Debt
$10.00M
Leverage
514.7%
mNAV
0.66x
Outstanding
$0.00
Issue date
2024-11-13
Principal
$3.98M
Coupon
5.30%
Maturity
2026-11-13
Conversion price
$0.9
ITM Status
OTM (-75.4%)
- Related party debt: $3M to Focus Impact Sponsor LLC + $982,150 to Focus Impact Partners LLC
- Issued in exchange for pre-SPAC sponsor convertible notes and accrued administrative fees
- Fully converted into 6,083,244 shares at $0.9026/share on Mar 13, 2026
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-13 | Conversion | $0.00 Fully converted into 6,083,244 shares at $0.9026/share |
| 2024-11-13 | Issuance | $3.98M |
- 2026-03-13 — $0Item 1.01
- 2024-11-13 — $3,982,150Item 1.01