ConvertibleActive
8% Convertible Notes due 2028
LGHL-Jan28
BTC Holdings
88.49 BTC
Total Debt
$27.29M
Leverage
70.1%
mNAV
0.53x
Outstanding
$2.13M
Insufficient history
Issue date
2025-01-23
Principal
$2.13M
Coupon
8.00%
Maturity
2028-01-23
Conversion price
—
- Variable conversion price: lesser of $8.00 or 90% of lowest 10-day VWAP, floor $1.60 per ADS
- 8% cash or 12% if paid in ADSs
- 5% OID
- 2nd closing under Aug 2024 SPA
- Series K Warrant: 200,156 ADSs at $8.00, expiry Jan 23, 2032
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Settlement
- Shares
- Payment frequency
- Quarterly
- Rate type
- Fixed
- Use of proceeds
- General corporate purposes
Sources(1)
- Form 6-K (H1 2025 interim…FilingForm 6-K (H1 2025 interim financials)Note 9 — Convertible DebenturesLion Group Holding Ltd. — 2025-10-31
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-01-23 | Issuance | $2.13M | Form 6-K (H1 2025 interim… |
- 2025-01-23 — $2,135,000Note 9 — filing — Lion Group Holding Ltd.Source