KWM and Anson reach a convertible note agreement, 80% of the first $15 million financing will be used to purchase Bitcoin
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最新报道：According to the news from Coinnet, K Wave Media (NASDAQ: KWM), a Korean media alliance listed on NASDAQ, announced that it has reached a convertible note agreement with Anson Funds. Anson agreed to provide up to $500 million in financing, and KWM will use at least 80% of the net proceeds to purchase Bitcoin (BTC). The first batch of financing will issue and sell $15 million worth of senior secured convertible notes and warrants to Anson Investments Master Fund, LP and Anson East Master Fund LP in accordance with the securities purchase agreement. Before deducting the placement agent fees and other issuance expenses payable by the company, the total amount of the first payment received by the company from this issuance will be $15 million. Under the purchase agreement, the company must use at least 80% of the net proceeds from the sale of notes and warrants exclusively for the purchase of Bitcoin (BTC). [Coinnet]
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