PreferredActive
Series A Perpetual Convertible Preferred Stock
LVO-SerA
$6.21▼ 2.20%
BTC Holdings
43 BTC
Total Debt
$24.96M
Leverage
296.4%
mNAV
30.42x
Notional
$8.19M
2025-12-31
Issue date
2023-02-01
Price
$1,000.00
Insufficient history
Eff. Yield
—
Insufficient history
Mkt Cap
$8.19M
Insufficient history
Shares Outs.
8,189
2025-12-31
Conversion price
$21
ITM Status
OTM (-70.4%)
- Dividends paid in kind as additional Series A shares
- Originally created from conversion of 8.5% Senior Secured Convertible Notes issued to Trinad Capital
- Conversion price adjusted from $2.10 to $21.00 after 1:10 reverse split Sep 26, 2025
Analytics
ITM History
Stock price vs conversion price ($21)OTM -70.4%
Terms & Documentation
Terms
- BTC strategy
- No
- Settlement
- Shares
- Liquidation preference
- $1,000 per share (stated value)
- Cumulative
- Yes
- Rate type
- Fixed
- Call provision
- Optional redemption at $1,000/share stated value; mandatory $5M redemption removed per Letter Agreements
Outstanding History
Outstanding history(1)
| As of | Shares Outstanding |
|---|---|
| 2025-12-31 | 8,189 |
- 2025-12-31 — 8,189 sharesForm 10-Q (Q3 FY2026)