Anghami Inc. Sells $12M Convertible Note
Ticker: ANGHW · Form: 6-K · Filed: Dec 16, 2024 · CIK: 1871983
| Field | Detail |
|---|---|
| Company | Anghami Inc (ANGHW) |
| Form Type | 6-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $12,000,000, $43,000,000, $0.0001, $2, $3 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, convertible-note, debt
TL;DR
Anghami just raised $12M via a convertible note, closing Dec 16, 2024.
AI Summary
On December 16, 2024, Anghami Inc. announced the sale of a $12,000,000 senior unsecured convertible note. This transaction was executed under a Convertible Note Purchase Agreement dated the same day, referred to as the Funding Date.
Why It Matters
This financing provides Anghami with capital, potentially for operational expansion or strategic initiatives, impacting its future growth trajectory.
Risk Assessment
Risk Level: medium — Convertible notes can dilute existing shareholders if converted, and the company's financial health will determine repayment or conversion.
Key Numbers
- $12.0M — Convertible Note Sale (Represents new capital raised by Anghami Inc.)
Key Players & Entities
- Anghami Inc. (company) — The company issuing the convertible note.
- $12,000,000 (dollar_amount) — The principal amount of the senior unsecured convertible note sold.
- December 16, 2024 (date) — The date of the Convertible Note Purchase Agreement and the Funding Date.
FAQ
What is the interest rate on the convertible note?
The filing does not specify the interest rate on the $12,000,000 convertible note.
What is the conversion price or ratio for the note?
The filing does not detail the conversion price or ratio for the $12,000,000 convertible note.
Who is the purchaser of the convertible note?
The filing does not name the specific purchaser of the $12,000,000 convertible note.
What is the maturity date of the convertible note?
The filing does not state the maturity date for the $12,000,000 convertible note.
What are the intended use of proceeds from the convertible note?
The filing does not specify the intended use of the $12,000,000 raised from the convertible note.
Filing Stats: 1,056 words · 4 min read · ~4 pages · Grade level 13.1 · Accepted 2024-12-16 17:00:02
Key Financial Figures
- $12,000,000 — cured convertible note in the amount of $12,000,000 (the “ Initial Note ”) purs
- $43,000,000 — te principal amount up to an additional $43,000,000 (the “ Additional Notes ”)
- $0.0001 — thereon into ordinary shares, par value $0.0001 per share (the “ Ordinary Shares
- $2 — per share conversion price equal to (i) $2.50, if such conversion occurs before th
- $3 — niversary of the Funding Date, or (iii) $3.00, if such conversion occurs on or aft
- $3.00 — t a per share conversion price equal to $3.00 on the Maturity Date (subject to adjust
- $20.0 m — capital and receivable financing up to $20.0 million, plus, under certain circumstance
- $55.0 million — n circumstances, the difference between $55.0 million and the aggregate principal amounts of
Filing Documents
- ea0224540-6k_anghami.htm (6-K) — 19KB
- ea022454001ex99-1_anghami.htm (EX-99.1) — 20KB
- ea022454001ex99-2_anghami.htm (EX-99.2) — 127KB
- ea022454001ex99-3_anghami.htm (EX-99.3) — 165KB
- 0001213900-24-109362.txt ( ) — 333KB
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, thereto duly authorized. ANGHAMI INC. Date: December 16, 2024 By: /s/ Elias Habib Name: Elias Habib Title: Chief Executive Officer 3