ConvertibleActive
15% Convertible Notes due 2029
SATO-Mar29
0.12 CAD▼ 11.54%
BTC Holdings
7 BTC
Total Debt
C$360.41K
Leverage
33.3%
mNAV
14.59x
Outstanding
C$340.00K
Insufficient history
Issue date
2026-03-16
Principal
C$340.00K
Coupon
15.00%
Maturity
2029-03-16
Conversion price
C$0.09
ITM Status
ITM (+35.3%)
- Conversion price step-up: C$0.085/share (year 1), C$0.10/share thereafter
- Each debenture includes detachable warrants at C$0.10 exercise price for 3 years
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Unsecured, springing first-priority lien upon repayment/release of Sygnum Bank loan
- Settlement
- Shares
- Payment frequency
- Quarterly
- Rate type
- Fixed
- Use of proceeds
- Working capital and general corporate purposes, priority to cryptocurrency mining operations
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-16 | Issuance | C$340.00K |
- 2026-03-16 — C$340,000