ETHZilla to Redeem $516M Convertible Notes Early at 117% Face Value
The blockchain company intends to finalize the early repayment of its 2028 convertible notes by December 30 to improve capital structure and financial flexibility.
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Terms & Concepts
Convertible Notes: Debt instruments that can be converted into a predetermined number of shares of the issuing company.
Early Redemption: Repayment of a financial instrument before its scheduled maturity date, often at a premium to face value.
Capital Structure: The mix of debt and equity financing used by a company to fund its operations and growth.