Big Digital Energy completed a $15.03 million financing by selling 16,700 shares of Series D Convertible Preferred to Six Thirty AI and issuing a five-year warrant for 926,748 shares at $10.81. A related letter agreement permits the purchaser to pledge the preferred shares and assigns the warrant to the lenders, who may exchange loan obligations into preferred and settle in preferred or conversion shares. A registration rights agreement commits the company to file a resale registration by July 20, 2026 and seek effectiveness by August 29, 2026 (or September 28, 2026 if fully reviewed). The transactions are intended to enhance liquidity and support growth while observing Nasdaq issuance limits.

Agreement 1: Big Digital Energy Raises $15.03M in Series D Preferred; Issues 5-Year Warrants

  • Agreement type: Securities purchase agreement for Series D Convertible Preferred Stock and warrant
  • Counterparty: Six Thirty AI
  • Signed / Effective: Jun 30 2026 / Jun 30 2026
  • Duration / Termination: At will
  • Reason: Raise capital and enhance liquidity for AI/HPC growth

Agreement 2: Big Digital Energy Consents to Pledge of Series D, Assigns Warrant to Lenders

  • Agreement type: Letter agreement consenting to pledge of Series D and assignment of warrant; exchange rights
  • Counterparty: Six Thirty AI and YA PN II
  • Signed / Effective: Jun 30 2026 / Jun 30 2026
  • Duration / Termination: At will
  • Reason: Facilitate purchaser financing and align lender incentives

Agreement 3: Big Digital Energy Grants Resale Registration Rights for Series D Conversions and Warrants

  • Agreement type: Registration rights agreement for resale of Conversion Shares and Warrant Shares
  • Counterparty: Six Thirty AI
  • Signed / Effective: Jun 30 2026 / Jun 30 2026
  • Duration / Termination: At will
  • Reason: Provide liquidity pathway for investors via registered resale

Original SEC Filing:

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