ETHZilla Corporation Announces Revised Interest Terms and $350 Million Convertible Debenture Investment
Reuters
Sep 23
<a href="https://laohu8.com/S/ETHZ">ETHZilla Corporation</a> Announces Revised Interest Terms and $350 Million Convertible Debenture Investment
ETHZilla Corporation has announced a significant financial update with the issuance of $350 million in new convertible debentures. This move is part of an amendment to the terms of an existing convertible debenture agreement, originally valued at $156.5 million. The existing debentures will maintain a 0% interest rate until February 6, 2026, after which they will carry a 2% annual interest rate, down from the original 4%. The newly issued debentures will also bear a 2% annual interest rate. The conversion price for the new debentures has been set at $3.05 per share, a figure above the Nasdaq Minimum Price at the time of issuance. This strategic financial maneuver is part of ETHZilla's broader efforts to strengthen its capital reserves and deploy Ethereum into cash-flowing assets, enhancing its growth in the DeFi sector.
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. ETHZilla Corporation 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: 0001213900-25-089862), on September 22, 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.