---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-008774"
form_type: "8-K"
ticker: "ABIT"
cik: "0001095146"
company_name: "Athena Bitcoin Global"
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:50:55.295938+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-25-008774
- form_type: 8-K
- ticker: ABIT
- cik: 0001095146
- company_name: Athena Bitcoin Global
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095146/000168316825008774/0001683168-25-008774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095146/000168316825008774/athenabitcoin_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-008774
- JSON: https://secwatch.observer/filing/0001683168-25-008774.json
- Plain text: https://secwatch.observer/filing/0001683168-25-008774.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095146/000168316825008774/0001683168-25-008774-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.