H100 Group plans to raise $75 million through three rounds of convertible loans for Bitcoin reserves, with the first $15 million secured by Adam Back

Swedish health and longevity company H100 Group announced the signing of an investment agreement with Adam Back, planning to raise up to 750 million Swedish kronor (approximately 75 million US dollars) through three rounds of convertible loans. At present, the first batch of 150 million Swedish kronor (approximately 15 million US dollars) has been guaranteed and signed by Adam Back. According to the agreement, Adam Back has committed to fully subscribing to the sixth batch of loans and has the right to distribute at least 37.5 million Swedish kronor (approximately 3.75 million US dollars). In addition, investors have the right to request the issuance of the 7th and 8th batches within 90 days after the previous batch was signed, with each batch amounting to 75 million Swedish kronor (approximately 7.5 million US dollars). These funds will be used for H100 Group's long-term Bitcoin reserve strategy. The conversion price for the sixth batch is 6.38 Swedish kronor per share, representing a 33% premium over the closing price on June 13th. The conversion prices for the 7th and 8th batches are 8.48 Swedish kronor and 11.27 Swedish kronor per share, respectively, with a premium of 33%. If all of the sixth batch is converted, approximately 23.5 million new shares will be issued, with a dilution ratio of approximately 16.7%.