ConvertibleActive
2.5% Convertible Notes due 2027
ALTRA-Mar27
€2.56▼ 8.24%
BTC Holdings
26.72 BTC
Total Debt
€2.00M
Leverage
72.8%
mNAV
8.31x
Outstanding
€600.00K
Issue date
2024-03-18
Principal
€900.00K
Coupon
2.50%
Maturity
2027-03-18
Conversion price
€1.5
ITM Status
ITM (+70.7%)
- 300,000 OCs in 2 tranches: 150,000 on 2024-03-18, 150,000 on 2024-05-15
- BSA anti-dilutifs (anti-dilution warrants) attached
- Pre-split conversion price: €3/share (adjusted for 2-for-1 split Dec 2025)
Terms & Documentation
Terms
- BTC strategy
- No
- Settlement
- Shares
- Payment frequency
- Annual
- Payment dates
- Mar 18
- Rate type
- Fixed
- Use of proceeds
- Fintech product development and general corporate purposes
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-04 | Conversion | €600.00K €300,000 of 2024 issuance converted: 100,000 bonds × 2 shares/bond at €1.50 = 200,000 new shares |
| 2024-05-15 | Issuance | €900.00K Tranche 2: 150,000 OCs at €3 |
| 2024-03-18 | Issuance | €450.00K Tranche 1: 150,000 OCs at €3 |
- 2026-05-04 — €600,000
- 2024-05-15 — €900,000
- 2024-03-18 — €450,000