ConvertibleActive
12.5% Convertible Notes due 2028
FOOD-Feb28
0.23 CAD▲ 2.17%
BTC Holdings
25 BTC
Total Debt
C$41.72M
Leverage
1354.5%
mNAV
9.22x
Outstanding
C$12.68M
Issue date
2023-02-06
Principal
C$12.68M
Coupon
12.50%
Maturity
2028-02-06
Conversion price
C$0.75
ITM Status
OTM (-68.7%)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Subordinated unsecured
- Settlement
- Shares
- Payment frequency
- Semi-annual
- Payment dates
- Feb 06, Aug 06
- Rate type
- Fixed
- Call provision
- On or after Feb 6, 2026 at principal plus accrued interest plus amount providing 18% IRR
- Put provision
- Change of control: holders may require repurchase at principal plus accrued interest plus 18% IRR
- Use of proceeds
- Project Blue Ocean initiatives and general corporate purposes
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-07 | — | C$12.68M |
| 2023-02-06 | Issuance | C$12.68M |
- 2026-03-07 — C$12,675,000Convertible Debentures — 2028 Debentures
- 2023-02-06 — C$12,675,000