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.
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