Lite Strategy, Inc. (LITS): debt financing — MEI Pharma enters Master Loan Agreement with BitGo Prime for digital asset and USD borrowings

Lite Strategy, Inc.

Master Loan Agreement with BitGo Prime allows MEI to borrow digital assets or USD, secured by collateral.
Terms (principal, fee, maturity, call/prepayment) set per loan in confirmations; loans can be fixed-term, callable, or prepayable.
Collateral required at initial margin; margin call provisions apply; failure can trigger liquidation.
Loan fee annualized, calculated daily; late fee 12% annualized; early termination fee 20% of remaining loan fee for fixed-term loans.
Agreement creates borrowing framework; no actual borrowings disclosed in this filing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lite Strategy, Inc. incurred credit facility with BitGo Prime, LLC at loan fee...calculated on a daily basis at the annualized rate specified in each.

Instrument: credit facility
Counterparty: BitGo Prime, LLC
Rate: loan fee...calculated on a daily basis at the annualized rate specified in each
Event: incurrence

Exact text from the filing

The Agreement creates a framework under which the Company may borrow any digital assets or cash from Lender from time to time. Each loan is documented in a separate loan request agreed to by the parties setting forth the specific terms, including principal amount, fees, collateral requirements, and the date on which the loan is to commence and mature.

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Source: SEC EDGAR

accession 0000929638-25-003398

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