ConvertibleExpired
3% Convertible Notes due 2025
NCTY-Nov25
$5.29▼ 5.37%
BTC Holdings
347 BTC
Total Debt
$33.40M
Leverage
101.8%
mNAV
2.90x
Outstanding
$0.00
Issue date
2023-11-13
Principal
$6.00M
Coupon
3.00%
Maturity
2025-11-13
Conversion price
$15
ITM Status
OTM (-64.7%)
- Issued to Bripheno PTE. LTD. with warrants to purchase 120M Class A ordinary shares (400,000 ADSs) at $60/ADS, 2-year expiry
Terms & Documentation
Terms
- BTC strategy
- No
- Settlement
- Shares
- Rate type
- Fixed
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2025-11-13 | Maturity | $0.00 Auto-zeroed at maturity |
| 2025-06-30 | Conversion | $2.22M RMB 15,912K at 7.1636 rate; significant conversion in H1 2025 |
| 2024-12-31 | — | $6.00M Full $6M principal still outstanding per 20-F |
| 2023-11-13 | Issuance | $6.00M |
- 2025-11-13 — $0
- 2025-06-30 — $2,221,000Condensed Consolidated Balance Sheet
- 2024-12-31 — $6,000,000Note 20 — Convertible Notes
- 2023-11-13 — $6,000,000Note 20 — Convertible Notes