BTCS Inc. Enters $7.8 Million Convertible Notes Agreement with Accredited Investors

Reuters
05-14
<a href="https://laohu8.com/S/BTCS">BTCS Inc.</a> Enters $7.8 Million Convertible Notes Agreement with Accredited Investors

BTCS Inc. has announced a debt transaction with three accredited investors through a Securities Purchase Agreement finalized on May 13, 2025. The company issued 5% Original Issue Discount Senior Secured Convertible Notes amounting to $7,810,526, with a purchase price of $7,420,000. These notes are convertible into BTCS common stock at a rate of $5.85 per share, mature in 24 months, and carry an interest rate of 6% per annum. Additionally, BTCS issued 1,901,916 five-year warrants, exercisable at $2.75 per share. The notes are secured by the company's assets, excluding certain Ethereum deposits and other exclusions. Charles Allen, BTCS's CEO, personally invested $95,000, while a trust benefitting him contributed $200,000. H.C. Wainwright & Co., LLC acted as exclusive placement agent for this transaction.

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. BTCS Inc. 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: 0001641172-25-010103), on May 14, 2025, and is solely responsible for the information contained therein.

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