Nakamoto Inc. (NAKA): debt financing — Nakamoto reduces debt $45M, extends $105M to 2027, authorizes $25M buyback

Nakamoto Inc.

Repaid $45M of Kraken loan with proceeds from sale of ~600 Bitcoin and derivatives, netting ~$48M.
New loan term sheet: $165M USDT outstanding, with $105M extended to June 30, 2027; interest rate as low as 7.75%.
Expected to reduce annual financing costs by ~$4 million; Bitcoin treasury stands at ~4,467 BTC.
Board authorized $25M share repurchase program through Dec 31, 2026.
Regained Nasdaq minimum bid price compliance on June 9, 2026; matter closed.

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

Nakamoto Inc. incurred loan of principal amount of 165,000,000 USDT with Payward Interactive, Inc., doing business as Kraken at 7.75% per annum maturing 105,000,000 USDT matures on June 30, 2027.

Instrument: loan
Principal: principal amount of 165,000,000 USDT
Counterparty: Payward Interactive, Inc., doing business as Kraken
Rate: 7.75% per annum
Maturity: 105,000,000 USDT matures on June 30, 2027
Event: incurrence

Exact text from the filing

Pursuant to the June Term Sheet, the Borrower borrowed a fixed-term loan in a principal amount of 165,000,000 USDT (the " June Loan ")

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

Nakamoto Inc. amended loan of 165,000,000 USDT with Payward Interactive, Inc., doing business as Kraken at 8.00% per annum maturing 105,000,000 USDT matures on June 30, 2027.

Instrument: loan
Principal: 165,000,000 USDT
Counterparty: Payward Interactive, Inc., doing business as Kraken
Rate: 8.00% per annum
Maturity: 105,000,000 USDT matures on June 30, 2027
Event: amendment

Exact text from the filing

net proceeds. On June 5, 2026, the Borrower applied $45 million of those net proceeds to reduce the outstanding principal amount of the Restructured Loan from 210,000,000 USDT to 165,000,000 USDT (the “ Partial Repayment ”). June Term Sheet under the Master Loan Agreement with Kraken Following the Partial Repayment, the Borrower and Kraken entered into a subsequent

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296 debt financings filed in the last 30 days. Browse all debt financings →

Nakamoto Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-028223

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