FAQ: Universal Digital's $50 Million Convertible Debenture Agreement with Helena Global Investment
Summary
What is the main announcement in this press release?
Universal Digital Inc. has entered a subscription agreement with Helena Global Investment Opportunities 1 Ltd. for a private placement of up to $50 million in senior secured convertible debentures to be issued in multiple tranches.
Who are the parties involved in this financing agreement?
Universal Digital Inc. (trading as CSE: LFG, FSE: 8R20, OTCQB: LFGMF) is the issuer, Helena Global Investment Opportunities 1 Ltd. is the investor, and Joseph Gunnar & Co., LLC served as the sole placement agent.
How will the $50 million financing be structured?
The financing will be issued in up to 14 tranches, with the first $3.34 million tranche expected to close on or about October 31, 2025, and the debentures will have a one-year term with 17.5% annual interest.
What are the conversion terms for the debentures?
The debentures are convertible at 100% of the prior day’s CSE closing price, subject to a minimum conversion price of $0.05 per share.
What security is being provided for this financing?
The debentures are secured by all current and acquired Bitcoin holdings of Universal Digital Inc.
What additional benefits come with each tranche of financing?
Each tranche includes warrants equal to 25% of the tranche amount, which are exercisable for three years at 130% of the prior day’s closing price.
Why is this financing important for Universal Digital?
According to CEO Chris Yeung, this financing framework provides Universal Digital with a flexible, scalable capital structure to support the company’s Bitcoin Treasury Strategy and future digital-asset initiatives.
What is Universal Digital Inc.’s business focus?
Universal Digital is a Canadian investment company focused on digital assets, blockchain, cryptocurrencies and cryptocurrency technologies, aiming to provide shareholders with long-term capital growth through diversified investments.
Where can I find more information about Universal Digital?
For more information, visit the company’s website at https://www.universaldigital.io/ or view the full press release at https://ccw.fm/nXcZk.
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