Vinanz Limited (LON:BTC), a Bitcoin treasury company with active mining operations across the United States and Canada, announced today that it has elected not to increase its debt level from $2 million to $4 million under the investment agreement dated 14 May 2025 entered into between Vinanz and a institutional investor.

Vinanz says it has successfully negotiated and signed a termination letter with the institutional investor pursuant to which the parties have agreed that the company will satisfy its repayment obligations to the institutional investor by the transfer of existing shares in the company to the institutional investor and on completion of the transfer of shares to the institutional investor, the Investment Agreement will terminate and the company’s obligations will be discharged in full.

Vinanz and the directors David Lenigas and Jeremy Edelman have entered into a arms’ length loan arrangement in respect of the transaction. Pursuant to this arrangement David Lenigas and Jeremy Edelman have agreed to satisfy the Company’s obligations to the institutional investor in order to terminate the Investment Agreement, in accordance with the terms of the termination letter.

Directors David Lenigas and Jeremy Edelman have each contributed 5,338,909 Vinanz shares from their personal shareholdings in the company in order to satisfy the above transaction that results in satisfying the company’s full debt obligations to the institutional investor. Settling the debt in this way has helped retain the maximum number of unissued shares available for further capital raises.

The company has agreed to repay the shares advanced by David Lenigas and Jeremy Edelman, in new shares, on demand by David Lenigas and Jeremy Edelman. The transaction has been approved by the directors independent of the transaction, being Robert Scott and Mahesh Pulandaran, David Lenigas and Jeremy Edelman recused themselves from the board’s consideration of this transaction and did not vote on the relevant board resolution.

This transaction does not change the total number of shares in issue in the Company.

Hewie Rattray, CEO of Vinanz, commented:

“The repayment of this facility strengthens our capital position and provides greater flexibility as we continue executing our Bitcoin accumulation strategy. We view the debt markets as an important lever for growth and are now well-positioned to pursue more structured, strategic financing aligned with our long-term objectives.”