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DDC has launched its SAVOR Series A 13.5% Perpetual Preferred Shares ($SVOR), expected to trade on NYSE American. The shares have a $25.00 stated value, pay cumulative dividends in cash daily. Holders may also receive bonus dividends of up to $4.00 per share if Bitcoin reaches specified thresholds.
The offering is intended to strengthen DDC’s capital structure. Our priority is to retire the outstanding convertible note, with up to 20% of proceeds potentially allocated to that objective, supplemented by Bitcoin-backed financing and negotiated arrangements. Our Bitcoin treasury strategy is unchanged.
Read the full shareholder letter from our Founder, Chairwoman & CEO Norma Chu @ddcnorma : globenewswire.com/news-release/2…
$DDC #Bitcoin
The offering is intended to strengthen DDC’s capital structure. Our priority is to retire the outstanding convertible note, with up to 20% of proceeds potentially allocated to that objective, supplemented by Bitcoin-backed financing and negotiated arrangements. Our Bitcoin treasury strategy is unchanged.
Read the full shareholder letter from our Founder, Chairwoman & CEO Norma Chu @ddcnorma : globenewswire.com/news-release/2…
$DDC #Bitcoin