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China Xiangtai Food Co ( (BTOG) ) has provided an update.
Bit Origin Ltd entered into a securities purchase agreement on July 13, 2025, to sell up to $100 million in Senior Secured Convertible Notes, which are convertible into Class A ordinary shares. The initial closing occurred on July 16, 2025, with the issuance of Series A-1 and B-1 Senior Secured Convertible Notes totaling $15 million, maturing in 2029. An additional Series C-1 note was issued on July 31, 2025, for $1.34 million. These notes are secured by the company’s assets and include covenants and events of default typical for such transactions. Additionally, the company successfully petitioned for a reduction in the par value of its shares, approved by the Cayman Islands Court on June 5, 2025, and registered on July 28, 2025, significantly increasing the number of authorized shares.
More about China Xiangtai Food Co
Average Trading Volume: 38,603,673
Technical Sentiment Signal: Sell
Current Market Cap: $22.76M
Learn more about BTOG stock on TipRanks’ Stock Analysis page.