Athena Bitcoin Global Terminates Material Agreement
Ticker: ABIT · Form: 8-K · Filed: Dec 1, 2025 · CIK: 1095146
| Field | Detail |
|---|---|
| Company | Athena Bitcoin Global (ABIT) |
| Form Type | 8-K |
| Filed Date | Dec 1, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: termination, agreement
TL;DR
Athena Bitcoin Global just terminated a big deal. What's next?
AI Summary
Athena Bitcoin Global announced the termination of a material definitive agreement on November 24, 2025. The company, incorporated in Nevada, is based in Miami, Florida, and operates in the finance services sector.
Why It Matters
The termination of a material definitive agreement can signal significant changes in the company's operational strategy or financial relationships, potentially impacting its future performance.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement can introduce uncertainty and potential financial repercussions for the company.
Key Players & Entities
- Athena Bitcoin Global (company) — Registrant
- November 24, 2025 (date) — Date of earliest event reported
- Miami, Florida (location) — Principal Executive Offices
- Nevada (location) — State of Incorporation
FAQ
What was the nature of the material definitive agreement that was terminated?
The filing states that a material definitive agreement was terminated, but does not specify the nature or details of the agreement.
What is the effective date of the termination of the material definitive agreement?
The earliest event reported, which is the termination of the material definitive agreement, occurred on November 24, 2025.
What is Athena Bitcoin Global's principal executive office address?
The principal executive offices are located at 1 SE 3rd Avenue Suite 2740, Miami, Florida 33131.
In which state was Athena Bitcoin Global incorporated?
Athena Bitcoin Global was incorporated in Nevada.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 87-0493596.
Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 15 · Accepted 2025-12-01 16:15:47
Key Financial Figures
- $3 million — he outstanding balance of approximately $3 million owed to KGPLA Holdings LLC, an entity i
Filing Documents
- athenabitcoin_8k.htm (8-K) — 22KB
- 0001683168-25-008774.txt ( ) — 179KB
- gpla-20251124.xsd (EX-101.SCH) — 3KB
- gpla-20251124_lab.xml (EX-101.LAB) — 33KB
- gpla-20251124_pre.xml (EX-101.PRE) — 22KB
- athenabitcoin_8k_htm.xml (XML) — 3KB
02 Termination of a Material Definitive
Item 1.02 Termination of a Material Definitive Agreement. On November 24, 2025, Athena Bitcoin Global (the " Company "), voluntarily repaid in full the outstanding balance of approximately $3 million owed to KGPLA Holdings LLC, an entity in which Mike Komaransky, a former director and principal shareholder of the Company has a controlling interest and whose Chief Investment Officer is Huaxing "Jason" Lu, our director, under that certain Amended and Restated Secured Convertible Debenture entered into with KGPLA on May 15, 2023, as amended from time to time (the " Convertible Debenture "). In connection with the repayment of all amounts owed pursuant to the Convertible Debenture, the obligations and commitments owed by the Company to KGPLA under the (a) Convertible Debenture, (b) a Senior Secured Loan Agreement entered into between KGPLA (and certain other borrowers named therein) and the Company dated May 15, 2023, and (c) a Security Agreement dated May 15, 2023, between KGPLA and the Company, each as amended from time to time, were terminated and all collateral associated therewith is required to be released by KGPLA. The voluntary prepayment was made using cash on hand and the Company did not incur any prepayment penalties in connection with the repayment.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Athena Bitcoin Global By: /s/ Matias Goldenhrn Date: December 1, 2025 Name: Matias Goldenhrn Title: Chief Executive Officer 2