Zeta Network plans to issue $10 million in convertible bonds, with the initial $6 million financing to be used for purchasing Bitcoin.

WuSaidBlockchainW · 2026-03-11T02:20:13+00:00

Zeta Network Group Inc. announced an agreement with institutional investors to issue up to $10 million in convertible notes and warrants, with an initial tranche of $6 million. The company expects to raise $5.4 million in net financing, which will be used for Bitcoin procurement and financial platform development.

WuSaidBlockchainW

2026-03-11 02:20:13

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Nasdaq-listed company Zeta Network Group Inc. (NASDAQ: ZNB) announced that it has reached a securities purchase agreement with institutional investors to issue and sell up to $10 million of senior 10% original issue discount (OID) convertible notes and warrants. The issuance will be completed in two phases, with the first closing involving $6 million of notes, expected to bring the company approximately $5.4 million in net proceeds. The first closing is expected to be completed around March 12, 2026; the remaining funds from the second closing are expected no earlier than May 12, 2026. Zeta Network plans to use the proceeds primarily to purchase Bitcoin to strengthen its reserves, support the development of its Bitcoin-centric institutional financial platform, and cover general operational expenses.

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