Search results for convertible bond
Crypto
Bitcoin shaken by Strategy-driven selling fears, road back above $70,000 tough
Bitcoin has fallen about 21 percent in 10 days, retesting $61,000 for the first time in four months, amid market unease after Strategy paused purchases while buying back some corporate bonds. The focus is on tightening funding at a key buyer rather than the price drop itself. Strategy has raised funds through preferred stock but cash has declined. Analysts say there is no immediate forced-selling risk, though the prospect of selling could weigh on prices.
Games & Commerce
Kakao Games likely to adopt co-CEO system with Kim Taehwan and Lee Siwoo; extraordinary meeting set for June 22
Kakao Games plans to hold an extraordinary shareholders meeting later this month to reshuffle its board. Kim Taehwan, a vice president at LINE Games, and Lee Siwoo, the company’s chief business officer, were nominated as inside directors and could take up posts as co-CEOs after appointment. The board changes are conditional on completion of a deal that would make LAAA Investment, funded by Line Yahoo, the company’s largest shareholder.
Crypto
Strategy pushes to double STRC dividend frequency; Peter Schiff asks if cash is running out
Strategy is seeking a shareholder vote to change the dividend payment cycle on its STRC preferred shares to twice a month from once a month, while keeping the annualized yield at 11.5 percent. The vote deadline is June 8 and, if approved, the first record date will be June 30. Peter Schiff criticised the funding structure behind the dividends and questioned the company’s liquidity.
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Crypto
Satsuma shareholders demand bitcoin sale after share price collapse
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Industry
Allbirds ditches shoes to pivot to AI infrastructure; shares surge more than 700 percent
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Crypto
Bitcoin miner Cango faces NYSE delisting risk, seeks way out with $75 million funding
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Crypto
Dunamu, Bithumb formalise IPO plans, differ on timing and approach
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Industry
Fadu revenue doubles on AI data center demand