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27 Jan 2025 07:00
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). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
27 January 2025
Phoenix Digital Assets PLC
("Phoenix" or the "Company")
US$ 2 Million Credit Facility
Phoenix Digital Assets PLC (AQSE: PNIX) announces that it has entered into a credit facility agreement for an amount of up to US$2m with AMINA Bank AG, a FINMA regulated Swiss Bank ("Facility"). The minimum amount of each loan is US$ 100,000 ("Loan"). The Loan shall bear interest of SOFR plus 8.00% (eight percent) per annum and the Company intends to use its crypto assets as security for each Loan.
The Facility will be used to support the working capital requirements of the Company. The Company remains positive regarding the outlook for its crypto holdings and utilising this facility will allow the Company to meet its ongoing working capital obligations whilst retaining all of its crypto holdings.
The Directors of Phoenix accept responsibility for this announcement.
For further information please contact:
Phoenix Digital Assets PLC | |
Jonathan Bixby Executive Chairman | +44 7876 888 011 |
First Sentinel Corporate Finance Limited | |
Corporate Adviser Brian Stockbridge | +44 7858 888 007 |
About Phoenix
Phoenix Digital Assets PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. Phoenix is headquartered in London, UK, and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol PNIX. https://www.getphoenix.co.uk
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