Belgravia closes $5-million (U.S.) debenture financing

Executive Summary

• Belgravia Hartford Capital Inc. has closed a $5 million USD convertible debenture financing with Round13 Digital Asset Fund.
• The entire proceeds will be used to acquire Bitcoin, increasing the company's existing holdings.
• The debenture carries a 4% annual interest rate, matures in two years, and converts into common shares at 71 cents per share, representing a 40% premium to the recent VWAP.

Key Details

• Financing Amount: $5,000,000 USD principal amount.
• Investor: Round13 Digital Asset Fund.
• Use of Proceeds: 100% of proceeds allocated to the purchase of Bitcoin.
• Interest Rate: 4% per annum, accrued monthly and paid at the end of the term.
• Maturity: Two years from the closing date.
• Conversion Price: 71 cents per common share.
• Conversion Premium: 40% premium to the volume-weighted average trading price (VWAP) for the seven consecutive days ending July 16, 2025.
• Existing Holdings: Belgravia currently holds 40.77 Bitcoin.
• Fees: No warrants, commissions, or finders' fees associated with the financing.
• Performance-Triggered Conversion: If the VWAP on the Canadian Securities Exchange equals or exceeds $1.42 (200% of the conversion price) for 20 consecutive trading days prior to maturity, 20% of the outstanding principal and accrued interest will automatically convert into common shares.

Notable Quotes

• "During the last 60 days, Belgravia has rapidly executed our initial bitcoin strategy and delivered on our promise to commit 100 per cent of the capital raised to buying bitcoin. Our speed to deploying capital to buying bitcoin will continue to be expedited to increase our growing bitcoin treasury. This financing marks a significant milestone for Belgravia as we continue to enhance our balance sheet and rapidly buy bitcoin. The convertible debenture significantly reduces dilution given the convertible is priced at 71 cents and enables Belgravia to buy more bitcoin than originally anticipated." — Mehdi Azodi, President and CEO