debt
confidence high
sentiment neutral
materiality 0.75
Brag House issues $2.5M convertible notes at 25% OID; proceeds for House of Doge merger
Brag House Holdings, Inc.
- Issued $2.5M aggregate principal Senior Secured Convertible Notes; net proceeds $1.875M after 25% OID.
- Notes bear 12% interest, mature Feb 4, 2027; convertible at $0.7101/share; 3M Commitment Shares issued.
- Proceeds deposited with House of Doge for anticipated merger (HOD Merger).
- Notes secured by second-priority lien on substantially all assets, subordinated to Yorkville debt.
- Company to file resale registration statement by June 30, 2026 covering underlying shares.
item 1.01item 2.03item 3.02item 9.01