ddc-enterprise-jul-2027-conv
DDC Enterprise Limited
Notes
- First tranche of up to $316M convertible facility with Anson Funds
- Secured by cash and BTC holdings, zero-coupon, issued with OID
- Alternate conversion at 94% of lowest 10-day VWAP
- Warrants issued alongside notes
Outstanding
$26.32M
Issue date
2025-07-01
Principal
$26.32M
Coupon
0.00%
Maturity
2027-07-01
Conversion price
$13.65
Terms sources(1)
- Form 6-K (SPA and convert…FilingForm 6-K (SPA and convertible note terms)Exhibit 10.2DDC Enterprise Limited — 2025-07-11
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-07-01 | Issuance | $26.32M | Form 6-K (SPA and convert… |