• Abits Group entered a private placement with one institutional investor for a US$16.47 million convertible promissory note, up to US$14 million proceeds.
• Purchase price funded in three tranches: US$8 million at closing, up to US$2.5 million tied to an SEC Form F-1 filing, up to US$3.5 million on effectiveness.
• Note carries a 15% original issue discount, 13% interest fully earned for 12 months, maturity 240 days after the final tranche funds.
• Also signed a US$250 million equity line; investor receives a US$7.5 million commitment fee payable in shares or pre-funded warrants.
• Company flagged substantial dilution risk because pricing is tied to market prices and share issuances cannot be determined upfront.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abits Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-043159), on September 17, 2026, and is solely responsible for the information contained therein.