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14 May 2025 23:16:16
- Source: Sharecast

14 May 2025
Vinanz Limited
("Vinanz" or "the Company")
(BTC:L in London and VINZF:US)
Institutional $4 million Bridge Funding Secured to Expand Bitcoin Business
London, New York, May 14, 2025, Vinanz Limited; the London Stock Exchange Main Market Listed Bitcoin company with North American Bitcoin operations, announces that through its US bankers Dominari Securities (refer to Vinanz's press release dated 7 April 2025) it has secured a substantial investment into Vinanz by a global investment manager ("Investor"). The Company has entered into an investment agreement (the "Investment Agreement") with the Investor pursuant to which the Company can utilise up to US$4 million over two tranches. The first tranche of US$2 million is being used to assist the Company in growing its Bitcoin assets prior to a potential NASDAQ dual listing. The second tranche of US$2 million may be drawn down in the future subject to certain conditions having been satisfied.
David Lenigas, Chairman of Vinanz, comments; "The first $2m of this Institutional Bridge funding has been banked and Vinanz is working to deploy these funds into Bitcoin assets in the near term and further updates will be provided shortly on the deployment. We are appreciative of our US banker's efforts in securing this Bridge funding. In this exciting era of Bitcoin's growing credibility as a viable global financial instrument and store of wealth - time is money and time is short - so Vinanz is looking at all avenues to access growth capital and this Bridge funding comes at just the right time for us."
This funding has been put in place specifically to bolster the Company's exposure to the Bitcoin sector prior to a proposed NASDAQ dual listing. The Company anticipates that the funding will be cleared or amended in its current form either prior to a NASDAQ listing or as part of any NASDAQ IPO.
The Investment Agreement entered into with the Investor provides for the Company to drawdown up to US$4,000,000 in convertible debt, subject to certain conditions precedent. The Investment is split into two tranches with the first tranche of US$2,000,000 having already been received.
Under the Investment Agreement, the Company shall repay the amount of each advance, together with interest (at a rate of 5% per annum, accruing on a daily basis and calculated on a 365 day year), on the date falling 12 months from the relevant drawdown date. In respect of an advance, the Investor may elect to convert any outstanding amount of principal and/or any interest thereon into such number of shares in the Company as is equal to the amount to be converted divided by the lower of (i) 25 pence per share, or (ii) 95% of the lowest single daily VWAP in respect of the Company's shares during the 10 trading days immediately preceding the date that the Investor makes its conversion election. The Investor's right to convert any portion of an advance is subject to obligations not to (i) convert any amount within 90 days of the date of the Investment Agreement, unless the relevant conversion price is 25 pence per share, and (ii) beneficially own more than 4.99% of the shares in the Company at any time. The Company is providing the Investor with customary warranties, indemnities and undertakings.
Dominari Securities LLC served as the Placement Agent.
The directors of Vinanz Limited accept responsibility for this announcement.
For further information please contact:
Vinanz Limited
David Lenigas david@vinanz.co.uk
Jeremy Edelman jeremy@vinanz.co.uk
First Sentinel (Corporate Adviser)
Brian Stockbridge brian@first-sentinel.com
+44 (0) 20 3855 5551
Clear Capital Markets (Broker)
Bob Roberts bobroberts@clear-cm.co.uk
+44 (0) 20 3869 6080
About Vinanz Limited
Vinanz's primary listing is in London (United Kingdom) on the London Stock Exchange under the ticker "BTC.L" and trades in the USA on the US OTCQB under the ticker "VINZF". Vinanz is building up a strategic Bitcoin holding through acquiring Bitcoin as a treasury and currency management tool and by adding Bitcoin through its own Bitcoin mining operations in North America. The Company currently has miners installed in multiple third-party hosting facilities in Indiana, Iowa, Nebraska and Texas in the USA and in Labrador (Canada).
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).
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