AsiaStrategy Closes $10 Million Convertible Notes Offering
AsiaStrategy (Nasdaq: SORA), formerly known as Top Win International Limited, has completed the sale of convertible notes to certain investors, raising gross proceeds of US$10 million. The convertible notes carry an interest rate of 3.0% per annum, mature in three years, and were issued at a purchase price equal to 100% of the principal amount. The notes are convertible into the company's ordinary shares at an initial conversion price of US$4.64 per share. The closing of the sale and purchase of the notes was completed on October 13, 2025, following entry into the securities purchase agreements on August 15, 2025. The form of the Securities Purchase Agreements, including the form of the notes, was appended to the company's current report on Form 6-K dated August 15, 2025 as exhibit 99.1.
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