ConvertibleExpiredBTC
0% Convertible Notes due 2028
K33-Jun28
0.02 kr▲ 0.49%
BTC Holdings
141 BTC
Total Debt
0.00 kr
Leverage
0.0%
mNAV
2.92x
Outstanding
0.00 kr
Issue date
2025-05-28
Principal
45.00M kr
Coupon
0.00%
Maturity
2028-06-30
Conversion price
0.05 kr
ITM Status
OTM (-59.0%)
- Disbursed in 6 quarterly installments from Sep 15, 2025 to Nov 15, 2026
- For conversions before Mar 15, 2026, investors receive 1 warrant per converted share (exercise price SEK 0.050)
Terms & Documentation
Terms
- BTC strategy
- Yes
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Call provision
- Early repayment option from Jun 15, 2027 at 110% of nominal value
- Use of proceeds
- BTC acquisition (Bitcoin Treasury Strategy)
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Repayment | 0.00 kr Remaining SEK 3.75M repaid; long-term liabilities = 0 at year-end |
| 2025-09-01 | Conversion | 3.75M kr SEK 41.25M shifted from convertible to equity by Aurora 3, Middelborg, Modiola |
| 2025-05-28 | Issuance | 45.00M kr |
- 2025-12-31 — 0 krBalance Sheet
- 2025-09-01 — 3,750,000 kr
- 2025-05-28 — 45,000,000 kr