Republic Technology签署1亿美元担保可转换票据融资协议

2025-11-22 01:17

Republic Technologies (DOCT) announced on Friday it has entered into a definitive investment agreement with an institutional investor for a secured convertible note facility of up to $100 million.
The convertible facility has a term of 24 months, bears 0% interest, and includes a 10% original issue discount. It will be secured by a fixed number of ETH as collateral (the ETH Target), equal to $12 million. The ETH Target will remain fixed for the duration of the convertible facility, said the company.
The Convertible Facility consists of a first drawdown, subsequent drawdowns, and potential Top-Up Tranches.
The First Drawdown comprises a $10 million convertible note. In connection with the First Drawdown, the company will issue to the investor common share purchase warrants, exercisable to purchase common shares at a price of C$0.50 per common share for a period of 5 years from the date of issuance. If fully exercised, these warrants would provide the company with approximately an additional $10 million in financing.
The First Drawdown is expected to close on or around December 5, 2025.
The remaining $90 million in available capacity may be accessed through subsequent drawdowns and Top-Up Tranches.
The company intends to allocate approximately 90% of the net proceeds of the Financing toward the acquisition of ETH to support Republic’s validator infrastructure and attestation services, with the balance to be used for general working capital purposes.
Source: Press Release

More on REPUBLIC TECHNOLOGIES INC.