ETHZilla (ETHZ) announced that it intends to redeem in full its outstanding $516M in aggregate principal amount of convertible notes due 2028 on or by December 30. The redemption will be at a purchase price of 117% of the outstanding aggregate principal amount, plus accrued interest. The company said it is strengthening its balance sheet and streamlining its capital structure as it seeks to generate revenue from recent strategic initiatives.
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