ConvertibleExpired
8% Convertible Notes due 2025
LGHL-Dec25
$0.83▲ 4.70%
BTC Holdings
88 BTC
Total Debt
$27.18M
Leverage
99.9%
mNAV
0.47x
Outstanding
$0.00
Issue date
2022-12-07
Principal
$3.00M
Coupon
8.00%
Maturity
2025-12-07
Conversion price
—
- Variable conversion price: lesser of $3,125 or 85% of lowest 15-day VWAP, floor $1,875 per ADS
- 8% cash or 12% if paid in ADSs
- Fully converted into 70,999,400 Class A ordinary shares during 2023
- 2nd closing under Aug 2022 SPA
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 |
|---|---|---|
| 2023-12-31 | Conversion | $0.00 Fully converted into 70,999,400 Class A ordinary shares during 2023 |
| 2022-12-07 | Issuance | $3.00M |
- 2023-12-31 — $0Note 12
- 2022-12-07 — $3,000,000Note 12