secwatch.observer — SEC 8-K summary
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Issuer:     BTCS Inc. (BTCS)
CIK:        0001436229
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001641172-25-010103
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BTCS issues $7.81M convertible notes, 5% OID, warrants at $2.75, CEO invests $95K
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- Aggregate principal $7,810,526; purchase price $7,420,000 reflecting 5% original issue discount.
- Notes convertible at $5.85/share, mature in 24 months, accrue 6% interest payable quarterly in cash or shares.
- Issued 1,901,916 five-year warrants exercisable at $2.75 per share.
- CEO Charles Allen invested $95K, and a trust (beneficiary but not settlor/trustee) invested $200K; independent committee approved.
- Notes secured by all company assets except Ethereum collateral for AAVE USDT borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436229/000164117225010103/0001641172-25-010103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436229/000164117225010103/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-010103

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