Black Titan Corporation Announces Full Conversion of Its Outstanding Convertible Note
Black Titan Corporation (NASDAQ:BTTC) announced that the senior unsecured convertible note issued to an institutional investor has been converted in full into 2,924,082 ordinary shares, with no principal, accrued interest, or other amounts remaining outstanding. The note was issued January 16, 2026 with an original principal of $1,515,000 at a purchase price of $1,350,000 — a 10% original issue discount — and was converted in tranches between May 2026 and August 20, 2026.
Key figures
- Spa expires
- January 16, 2029
- Spa max capacity
- 200000000
- Conversion window
- May 2026 to August 20, 2026
- Note purchase price
- 1350000
- Note original principal
- 1515000
- Original issue discount
- 10%
- Shares issued on conversion
- 2924082
AI analysis
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