ConvertibleExpired
0% Convertible Notes due 2027
1723-May27
0.95 HKD▲ 0.00%
BTC Holdings
42 BTC
Total Debt
HK$52.38M
Leverage
64.5%
mNAV
17.20x
Outstanding
HK$0.00
Issue date
2025-05-23
Principal
HK$33.75M
Coupon
0.00%
Maturity
2027-05-23
Conversion price
HK$0.45
ITM Status
ITM (+111.1%)
- Fully converted during May-September 2025; 75,000,000 conversion shares issued
Terms & Documentation
Terms
- BTC strategy
- No
- Settlement
- Shares
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Use of proceeds
- General working capital for pre-paid products and capturing potential investment opportunities
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-09-30 | Conversion | HK$0.00 Fully converted; 75,000,000 conversion shares issued |
| 2025-05-23 | Issuance | HK$33.75M |
- 2025-09-30 — HK$0Note 18
- 2025-05-23 — HK$33,750,000Subscription Agreement