ConvertibleExpired
8% Convertible Notes due 2027
LGHL-Aug27
$0.83▲ 4.70%
BTC Holdings
88 BTC
Total Debt
$27.18M
Leverage
99.9%
mNAV
0.47x
Outstanding
$0.00
Issue date
2024-08-09
Principal
$1.50M
Coupon
8.00%
Maturity
2027-08-09
Conversion price
—
- Variable conversion price: lesser of $14.00 or 90% of lowest 10-day VWAP, floor $1.78 per ADS
- 8% cash or 12% if paid in ADSs
- 5% OID
- Fully converted into 1,828,532,500 Class A ordinary shares during H1 2025
- 1st closing under Aug 2024 SPA with up to $23.75M additional closings
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Settlement
- Shares
- Payment frequency
- Quarterly
- Rate type
- Fixed
- Use of proceeds
- General corporate purposes
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-06-30 | Conversion | $0.00 Fully converted into 1,828,532,500 Class A ordinary shares during H1 2025 |
| 2024-08-09 | Issuance | $1.50M |
- 2025-06-30 — $0Note 9
- 2024-08-09 — $1,500,000Note 12