ConvertibleActive
3% Convertible Notes due 2028
KWM-PIPE2
BTC Holdings
88 BTC
Total Debt
$19.04M
Leverage
303.9%
mNAV
5.26x
Outstanding
$1.00M
Issue date
2025-05-14
Principal
$4.40M
Coupon
3.00%
Maturity
2028-05-13
Conversion price
$5
- Variable conversion: 50% discount to 5-day VWAP, floor $5/share
- Series 3 ($1M), 4 ($1M), 5 ($1.4M), 6 ($1M); Series 3-5 fully converted Jun 2025
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Shares
- Rate type
- Fixed
Sources(1)
- Form 6-K (Interim Financi…FilingForm 6-K (Interim Financial Results H1 2025)Note 19K Wave Media Ltd. — 2026-02-20
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-06-30 | Conversion | $1.00M Series 3-5 ($3.4M) fully converted Jun 2025 | Form 6-K (Interim Financi… |
| 2025-05-14 | Issuance | $4.40M Aggregate of Series 3-6 issued at SPAC closing | Form 6-K (Interim Financi… |
- 2025-06-30 — $1,000,000Note 19 — filing — K Wave Media Ltd.Source
- 2025-05-14 — $4,400,000Note 19 — filing — K Wave Media Ltd.Source