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K Wave Media reaches $500 million convertible bond agreement with Anson Funds, plans to use 80% for purchasing BTC
Summary: According to GlobeNewswire, K Wave Media Inc. (NASDAQ: KWM) announced today that it has reached a convertible bond agreement with Anson Funds, under which Anson will provide up to $500 million in financing, with KWM committing to use at least 80% of the net proceeds to purchase Bitcoin (BTC). The initial financing will involve issuing ...
According to GlobeNewswire, K Wave Media Inc. (NASDAQ: KWM) announced today that it has reached a convertible bond agreement with Anson Funds, under which Anson will provide up to $500 million in financing, with KWM committing to use at least 80% of the net proceeds to purchase Bitcoin (BTC).
The initial financing will involve issuing and selling $15 million in senior secured convertible bonds and warrants to Anson Investments Master Fund, LP and Anson East Master Fund LP through a securities purchase agreement.
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Link: K Wave Media reaches $500 million convertible bond agreement with Anson Funds, plans to use 80% for purchasing BTC [Copy]
