Athena Bitcoin Global repays $3M convertible debenture to related-party KGPLA; agreements terminated

Athena Bitcoin Global

Voluntarily repaid outstanding ~$3M balance of Amended and Restated Secured Convertible Debenture to KGPLA Holdings LLC.
Repayment terminated Convertible Debenture, Senior Secured Loan, and Security Agreements; all collateral to be released.
Prepayment made with cash on hand; no prepayment penalties incurred.
KGPLA is controlled by former director Mike Komaransky; CI of entity is director Huaxing 'Jason' Lu (related party).
Company used cash on hand, reducing cash reserves by ~$3M.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Athena Bitcoin Global terminated Amended and Restated Secured Convertible Debenture with KGPLA Holdings LLC valued at approximately $3 million (effective 2025-11-24).

Action: termination
Agreement: notes offering
Counterparty: KGPLA Holdings LLC
Value: approximately $3 million
Effective: 2025-11-24

Exact text from the filing

the obligations and commitments owed by the Company to KGPLA under the (a) Convertible Debenture, (b) a Senior Secured Loan Agreement entered into between KGPLA (and certain other borrowers named therein) and the Company dated May 15, 2023, and (c) a Security Agreement dated May 15, 2023, between KGPLA and the Company, each as amended from time to time, were terminated

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Athena Bitcoin Global filing history →

Source: SEC EDGAR

accession 0001683168-25-008774

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