AGMH announced the closing of a $500,000 convertible promissory note on December 19, 2025. The note is part of a $6 million convertible advance program and represents the second closing of the first tranche, following an initial $1.5 million draw on December 18.
The note was issued to an institutional investor and is convertible into Class A ordinary shares at a predetermined conversion price. The company received $425,000 in gross proceeds, with a $75,000 original issue discount reflected in the difference between the principal amount and the net proceeds.
The financing provides AGMH with additional liquidity to support its ongoing operations and potential future strategic initiatives. The company has recently focused on maintaining Nasdaq Capital Market listing compliance, having regained the minimum bid‑price requirement in June 2025 and completing a 50‑for‑1 share consolidation in the same month to help meet that threshold.
AGMH operates in the cryptocurrency mining hardware sector, designing and producing ASIC chips and crypto‑mining rigs. The company has faced significant financial challenges, including declining revenue and profitability, and the convertible note is a flexible tool that can be converted into equity if the company’s share price improves. The modest size of the raise reflects the company’s cautious approach to capital raising amid a volatile market environment.
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