PreferredActive
Series A Convertible Preferred Stock
APUS-PrA
$1.25▼ 3.10%
BTC Holdings
1,000 BTC
Total Debt
$11.40M
Leverage
16.4%
mNAV
0.30x
Notional
—
Insufficient history
Issue date
2025-12-01
Price
—
Insufficient history
Eff. Yield
—
Insufficient history
Mkt Cap
—
Insufficient history
Shares Outs.
7,477,017
- Issued as merger consideration to former MindWave Innovations stockholders; the acquisition brought roughly 1,000 BTC onto the balance sheet.
- Converts automatically into 20 common shares per preferred share (149,540,340 common shares) upon majority shareholder approval; not convertible at holder option.
- No voting rights; not redeemable; participates pro rata with common stock in dividends and liquidation.
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Participates pro rata with common stock; ranks junior to all debt (no liquidation preference).
- Cumulative
- No
- Mandatory conversion
- Automatic conversion into 20 common shares per preferred share upon majority shareholder approval (and NYSE American listing approval).
Outstanding History
Outstanding history(2)
| As of | Shares Outstanding |
|---|---|
| 2026-03-31 | 7,477,017 |
| 2025-12-01 | 7,477,017 |
- 2026-03-31 — 7,477,017 sharesForm 10-Q (Q1 2026)
- 2025-12-01 — 7,477,017 sharesForm 10-Q (Q1 2026)