Vinanz Obtains $4 Million in Convertible Debt for American Growth and Nasdaq Joining Endeavors
Cashing In on Bitcoin: Vinanz's $4M Move
Get ready to dig deeper into the crypto world, folks! Vinanz PLC, a Bitcoin mining company based in London, has locked in a whopping $4 million investment deal. This investment is set to supercharge their U.S. operations and beef up their Bitcoin holdings.
So, what's the lowdown on this eye-catching agreement? Well, it was arranged through Dominari Securities, a slick U.S.-based investment bank that's been working with Vinanz since April 2025. The deal is structured as convertible debt, and it's expected to help the company grow its Bitcoin reserves as it mulls over entering the U.S. market via a potential Nasdaq Stock Market listing.
Here's the gist: Vinanz can draw down up to $4 million in two tranches of $2 million each. The first one has already been secured and will primarily be used to expand their Bitcoin holdings. The second tranche might be tapped later, but only if certain conditions are met.
The investment agreement includes a cheeky provision that allows the investor to convert their debt into shares of Vinanz. The conversion price? The lower of 25 pence per share or 95% of the lowest single daily volume-weighted average price (VWAP) recorded during the 10 trading days preceding the investor's conversion election.
Let's Get Technical
The small print states that Vinanz has to repay each tranche within 12 months of its drawdown, with interest calculated at an annual rate of 5%. The interest is based on a 365-day year, which is a bit cheeky, but hey, when you're making moves like this, you gotta be smart. The investor can't convert any part of the loan during the first 90 days unless the conversion price remains at or above 25 pence per share.
The agreement caps the investor's share ownership at 4.99%. And as for warranties, indemnities, and undertakings? They're in there, as per usual. Vinanz has stayed tight-lipped about the investor's identity, only revealing they're a global asset manager. No shares have been issued yet, aside from the initial tranche.
Vinanz has been eyeing a U.S. dual listing since early 2025 and enlisted Lucosky Brookman LLP, a New Jersey-based law firm, to guide them through the process. Their goal? To tap into U.S. institutional investors and capital markets, with a potential Nasdaq listing on the horizon, although no firm date has been set.
Now you're in the know! Vinanz is ramping up its game, and it's an exciting time to watch the legislation of this innovative tech continue to evolve. Stay tuned for more updates as they unfold!
Enrichment Data:- Investment Amount: The investment is structured as a convertible debt of up to $4 million, divided into two tranches. The first tranche of $2 million has already been secured.- Repayment Terms: Vinanz must repay each tranche within 12 months from its drawdown date, along with interest at an annual rate of 5% per annum, calculated on a daily basis over a 365-day year.- Conversion Options: The investor has the right to convert any outstanding principal and interest into shares in Vinanz. The conversion price is determined by the lower of (i) 25 pence per share, or (ii) 95% of the lowest single daily volume-weighted average price (VWAP) of Vinanz's shares during the 10 trading days preceding the conversion election.- Conversion Restrictions: The investor cannot convert any amount within 90 days of the investment agreement unless the conversion price is 25 pence per share. Additionally, the investor is restricted from beneficially owning more than 4.99% of Vinanz's shares at any time.- Warranties and Indemnities: Vinanz is providing the investor with customary warranties, indemnities, and undertakings as part of the agreement.
- The $4 million investment deal for London-based Bitcoin mining company Vinanz PLC was facilitated by Dominari Securities, a US-based investment bank.
- The investment agreement includes a provision that allows the investor to convert their debt into shares of Vinanz, with the conversion price being the lower of 25 pence per share or 95% of the lowest single daily volume-weighted average price (VWAP) recorded during the 10 trading days preceding the investor's conversion election.
- Vinanz must repay each tranche of the $4 million convertible debt within 12 months from its drawdown date, along with interest at an annual rate of 5% per annum, calculated on a daily basis over a 365-day year.
- The investment agreement caps the investor's share ownership at 4.99% and includes customary warranties, indemnities, and undertakings as part of the agreement.
