Adam Back has invested SEK 21 million in H100 Group's Bitcoin treasury strategy with the option to increase his investment to SEK 277 million through a convertible loan deal.
H100 Group AB secured a commitment of SEK 21 million from Adam Back, with potential to invest an additional SEK 128 million in tranches, totaling a raise of SEK 277 million.
Under the agreement, Back may invest up to SEK 128 million across four more tranches, with each tranche being twice his committed amount.
The convertible loans have no interest, a five-year maturity, and Back may convert them into shares of the Company at fixed conversion prices per tranche, ranging from SEK 1.75 to SEK 5.00 per share.