ETHZilla issues $350M convertible notes, repurchases 0.5M shares in week

FORUM MARKETS Inc

New $350M principal convertible notes at 2% annual interest, issued at 97.25% of face value.
Conversion price set at $3.05 per share, subject to downward reset; existing notes interest reduced from 4% to 2%.
Notes secured by $50M in Ether and ~$500M in cash; maturity date August 8, 2028.
Company repurchased ~0.5M shares at avg $2.41 during week ending Sept 20, total Sept repurchases ~6.45M shares.
As of Sept 19: ETH holdings 102,264 (~$462M), cash equivalents ~$559M, total shares outstanding 160.2M.

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