ConvertibleActiveBTC
4% Convertible Notes due 2026
HAMA-Dec26
BTC Holdings
26 BTC
Total Debt
£2.50M
Leverage
179.2%
mNAV
2.89x
Outstanding
£2.50M
Insufficient history
Issue date
2025-12-04
Principal
£2.50M
Coupon
4.00%
Maturity
2026-12-04
Conversion price
£0.02
- Monthly amortization of £250,000 after initial 60-day period
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- Monthly
- Rate type
- Fixed
- Call provision
- Early repayment permitted. ATM proceeds prioritized for CLN repayment
- Use of proceeds
- Gold exploration, Bitcoin and physical gold acquisition, and CLN amortization repayment
Sources(2)
- Completion of £2.5M CLN &…Press ReleaseCompletion of £2.5M CLN & Drawdown StrategyHamak Gold Limited — 2025-12-04
- Proposed £30M ATM Facilit…Press ReleaseProposed £30M ATM Facility & £5M CLN IssuanceHamak Gold Limited — 2025-10-15
Participants
Holders & Underwriters(1)
- Completion of £2.5M CLN &…Yorkville Advisorsholder£2.5Mas of 2025-12-04
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-04 | Issuance | £2.50M | Completion of £2.5M CLN &… |
- 2025-12-04 — £2,500,000press_release — Hamak Gold LimitedSource