H100 Group AB has announced a SEK 21 million ($2.1M) convertible loan from Adam Back, who may increase his investment to SEK 277 million through a multi-tranche agreement. The funds raised will align with H100's Bitcoin treasury strategy. Back has committed to invest in multiple tranches, ensuring significant backing for the company’s future. The loans have a five-year maturity with no interest and fixed conversion prices, allowing Back substantial flexibility in managing his investment based on the company’s stock performance.
H100 Group AB has secured a SEK 21 million convertible loan from Adam Back, with options for expanded investment in a long-term Bitcoin treasury strategy.
Under the agreement, Adam Back may invest up to an additional SEK 128 million across four tranches, supporting H100's growth ambitions.
The convertible loan has no interest and matures in five years, allowing Adam Back to convert loans into shares at predetermined prices.
H100 retains the right to force conversion if stock prices exceed conversion rates over a specified period, ensuring flexibility in capital structure.
Collection
[
|
...
]