Bit Origin Ltd. Enters $100 Million Securities Purchase Agreement with Buyers for Convertible Notes

Reuters08-02

<a href="https://laohu8.com/S/BTOG">Bit Origin</a> Ltd. Enters $100 Million Securities Purchase Agreement with Buyers for Convertible Notes

Bit Origin Ltd. has announced a new shareholder agreement following the entry into a Securities Purchase Agreement dated July 13, 2025. Under this agreement, the company plans to offer up to $100 million in Senior Secured Convertible Notes, which can be converted into Class A ordinary shares with a par value of $0.30 per share. This move comes after the company's recent successful petition to the Grand Court of the Cayman Islands, which approved a significant capital reduction, decreasing the par value of its shares from $0.30 to $0.000001. The updated Fifth Amended and Restated Memorandum and Articles of Association now reflect these changes, potentially enhancing the company's financial flexibility and market position.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Origin Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-073156), on August 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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