ConvertibleActiveBTC
8% Convertible Notes due 2027
DEVS-Jan27
BTC Holdings
22.229 BTC
Total Debt
$10.00M
Leverage
581.9%
mNAV
2.13x
Outstanding
$10.00M
Insufficient history
Issue date
2025-07-18
Principal
$10.00M
Coupon
8.00%
Maturity
2027-01-18
Conversion price
—
- Conversion price: 200% of closing price on trading day prior to each closing, subject to downward adjustment
- Part of $300M facility with Helena Global Investment Opportunities 1 Ltd
- Original issue discount of 8%
- Secured by first priority perfected security interest in all assets including cryptocurrency
- Interest payable monthly in cash, additional notes, or shares at Company option
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior secured
- Settlement
- Shares
- Payment frequency
- Monthly
- Rate type
- Fixed
- Use of proceeds
- 75% of net proceeds (70% of initial tranche) for cryptocurrency purchases
Sources(1)
- Form 8-K (Helena converti…FilingForm 8-K (Helena convertible notes issuance)Item 1.01DevvStream Corp. — 2025-07-22
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-07-18 | Issuance | $10.00M | Form 8-K (Helena converti… |
- 2025-07-18 — $10,000,000Item 1.01 — filing — DevvStream Corp.Source