Under this morning's announced agreement, the 10% convertible notes will be extinguished in exchange for a new series of convertible preferred shares with face value of about $23.1 million.
The preferred shares will be convertible into common stock at a conversion price of $0.40 per share. If all the preferred stock is converted, about 57.8 million shares of common shares would be issued, adding about 46% to the current common float, according to the company. The new preferred stock bears no dividend.
As of the end of 2022, Stronghold had approximately $12.4 million of unrestricted cash and about 6 bitcoin .
Source: Digital Coin News (digitalcoinnews.net)
egreechee Stronghold managment has been on point with many good decisions lately 👏
egreechee Btc has a long hard road ahead of it. Its probably gonna get lost.
egreechee Cleanspark the only BTC miner with zero debt
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tim Draper Continues to Stand by His $250,000 Bitcoin Price PredictionTim Draper believes that the largest cryptocurrency will eventually reach the much-coveted milestone
Source: Utoday_en - 🏆 295. / 63 Read more »
Valkyrie Reveals Intention to Sponsor Grayscale's Bitcoin Trust as GBTC Discount to NAV Widens – Bitcoin NewsValkyrie, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale's Bitcoin Trust (GBTC). Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals! Ok, I only listen to ChiefraFba for signals! Brilliant, but using ChiefraFba for signals and analysis
Source: BTCTN - 🏆 531. / 51 Read more »
Panama president says final contract to miner First Quantum has been presentedPanama's president, Laurentino Cortizo, said on Monday the government has presented Canadian miner First Quantum Minerals a final contract to regulate operations. article does not say what they mine About time … Se le va a molestar el imperio porque los países no tienen derecho a explotar sus recursos naturales si no las transnacionales sean gringas o europeas
Source: Reuters - 🏆 2. / 97 Read more »
Libya: Mass grave with 18 bodies found in ex-IS strongholdLibyan authorities say they have found 18 bodies buried in a mass grave in the central coastal city of Sirte, a former stronghold of the Islamic State group in the conflict-stricken North African nation.
Source: KPRC2 - 🏆 80. / 68 Read more »
Libya: Mass grave with 18 bodies found in ex-IS strongholdCAIRO (AP) — Libyan authorities on Sunday said they have found 18 bodies buried in a mass grave in a former stronghold of the Islamic State group along the conflict-stricken North African nation's coast. There are a ton of those types of graves in Mex. But authorities don’t care. I'm sure Obama is proud of his legacy.💩 There has to be a special type of inferno hell for people like this The more religious the country, the worse the country is. Don't believe me? Try living in Sweden, then try Afghanistan.
Source: AP - 🏆 728. / 51 Read more »
Libya: Mass grave with 18 bodies found in ex-IS strongholdLibyan authorities say they have found 18 bodies buried in a mass grave in the central coastal city of Sirte, a former stronghold of the Islamic State group in the conflict-stricken North African nation. Who's killing who and then blaming who? Is it near the slave markets that popped up after Obama/Biden/Clinton intervened there?
Source: ABC - 🏆 471. / 51 Read more »