Financing ·
On September 14, 2026, Abits Group Inc entered into a Securities Purchase Agreement to issue a convertible promissory…
ABTSAbits Group Inc
On September 14, 2026, Abits Group Inc entered into a Securities Purchase Agreement to issue a convertible promissory note with an original principal amount of US$16,470,588.24 for an aggregate purchase price of up to US$14,000,000, reflecting a 15% original issue discount and 13% interest fully earned for twelve months. Funding occurs in three tranches contingent on SEC registration effectiveness and corporate authority for potential reverse stock splits up to 250:1. Concurrently, the Company executed an Equity Purchase Agreement committing an investor to purchase up to US$250,000,000 of Ordinary Shares over thirty-six months at a 95% discount to VWAP, alongside a US$7,500,000 commitment fee payable in shares. ARC Group International Ltd and CEO Conglin Deng waived restrictions under prior agreements to facilitate these transactions. Abits Group Inc operates in the technology sector.