secwatch.observer — SEC 8-K summary
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Issuer:     Lite Strategy, Inc. (LITS)
CIK:        0001262104
Form:       8-K
Filed at:   2025-09-04T23:59:59+00:00
Accession:  0000929638-25-003398
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MEI Pharma enters Master Loan Agreement with BitGo Prime for digital asset and USD borrowings
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262104/000092963825003398/0000929638-25-003398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262104/000092963825003398/mei8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-25-003398

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