Tuesday, 02 January 2024 12:17 GMT

Cryptonewsbreaks Universal Digital Inc. (CSE: LFG) (FSE: 8R20) (OTCQB: LFGMF) Enters $50 Million Convertible Debenture Agreement With Helena Global Investment Opportunities 1 Ltd.


(MENAFN- Investor Brand Network) Universal Digital (CSE: LFG) (FSE: 8R20) (OTCQB: LFGMF) 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 up to 14 tranches, with the first $3.34 million tranche expected to close on or about Oct. 31, 2025. The one-year debentures will bear 17.5% annual interest, be convertible at 100% of the prior day's CSE closing price (subject to a $0.05 minimum), and be secured by all current and acquired Bitcoin holdings. Each tranche will also include warrants equal to 25% of the tranche amount, exercisable for three years at 130% of the prior day's closing price.“This financing framework provides Universal Digital with a flexible, scalable capital structure to support our Bitcoin Treasury Strategy and future digital-asset initiatives,” said CEO Chris Yeung.

Joseph Gunnar & Co., LLC served as sole placement agent.

To view the full press release, visit

About Universal Digital Inc.

Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.

For more information, visit the company's website at

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