Currenc Group enters US$ 1.5 million secured convertible bridge loan with Apex Innovation Global
Bitget2026/09/24 21:15- Currenc Group entered a secured convertible bridge loan for up to USD 1.5 million with Apex Innovation Global, dated Sept. 20, 2026.
- Single advance due 20 business days after conditions are met; lender can refuse funding if defaults occur or collateral coverage fails.
- Interest set at 1% per year, compounded quarterly; maturity is 18 months from drawdown or RTO completion, whichever is earlier.
- Lender can convert at the lower of USD 2.85 or 85% of a qualifying fundraising price, subject to a USD 3.19 floor.
- Loan secured by a first-ranking mortgage over 1,000,000 shares; 166.67% collateral coverage required, backed by Alexander King Ong Kong guarantee.
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