ConvertibleActive
12% Convertible Notes due 2026
SONI-Jul26
0.09 CAD▲ 0.00%
BTC Holdings
3.71 BTC
Total Debt
C$507.72K
Leverage
0.0%
mNAV
13.38x
Outstanding
C$507.72K
Issue date
2025-01-17
Principal
C$1.02M
Coupon
12.00%
Maturity
2026-07-17
Conversion price
C$0.2
ITM Status
OTM (-55.0%)
- Converts into units at C$0.20 per unit; each unit = one common share + one-half common share purchase warrant (warrant exercisable at C$0.40 per share for 24 months). Outstanding for 18 months from closing.
- During the nine months ended Sep 30, 2025, six holders converted CAD$508,193 of principal into 2,445,660 common shares and 1,222,830 warrants.
Analytics
ITM History
Stock price vs conversion price (C$0.2)OTM -55.0%
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- unsecured
- Settlement
- physical
- Payment frequency
- at_maturity
- Rate type
- Fixed
- Use of proceeds
- Replaced primarily the principal of outstanding convertible debentures issued in February 2023 and May 2023 that matured December 31, 2024.
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-09-30 | Conversion | C$507.72K Remaining face after CAD$508,193 converted during 9M 2025 |
| 2025-01-17 | Issuance | C$1.02M |
- 2025-09-30 — C$507,721Note 12
- 2025-01-17 — C$1,015,914Note 12