MultiMetaVerse Converts $2.17M Debt to Equity
| Field | Detail |
|---|---|
| Company | Multimetaverse Holdings Ltd |
| Form Type | 6-K |
| Filed Date | Sep 3, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2,166,626, $1.00, $2,116,626, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-conversion, equity-issuance, financial-restructuring
Related Tickers: MMVH
TL;DR
MMVH just turned $2.17M in debt into stock at $1/share. Debt gone, shares issued.
AI Summary
On September 1, 2025, MultiMetaVerse Holdings Limited agreed to convert $2,166,626 of outstanding liabilities into 2,166,626 ordinary shares at a price of $1.00 per share. This transaction involved Yiran Xu, the company's Chief Executive Officer.
Why It Matters
This conversion reduces the company's debt burden by over $2 million, potentially improving its financial health and balance sheet.
Risk Assessment
Risk Level: medium — Converting significant debt to equity can dilute existing shareholders and may indicate underlying financial pressures.
Key Numbers
- $2.17M — Debt Conversion (Represents the total amount of liabilities converted into equity.)
- 2.17M shares — Shares Issued (The number of ordinary shares issued to convert the debt.)
- $1.00 — Conversion Price (The price per share used for the debt-to-equity conversion.)
Key Players & Entities
- MultiMetaVerse Holdings Limited (company) — The company entering into the debt conversion agreement.
- $2,166,626 (dollar_amount) — The total value of outstanding liabilities converted into shares.
- 2,166,626 (dollar_amount) — The number of ordinary shares issued as part of the conversion.
- $1.00 (dollar_amount) — The price per share at which the debt was converted.
- September 1, 2025 (date) — The date the debt conversion agreements were entered into.
- Yiran Xu (person) — Chief Executive Officer of MultiMetaVerse Holdings Limited.
FAQ
What was the nature of the outstanding liabilities being converted?
The filing states that $2,166,626 of outstanding liabilities were converted into ordinary shares.
Who is Yiran Xu in relation to MultiMetaVerse Holdings Limited?
Yiran Xu is the Chief Executive Officer of MultiMetaVerse Holdings Limited.
On what date did the debt conversion agreements take effect?
The agreements were entered into on September 1, 2025.
What is the price per share for this debt conversion?
The conversion price is $1.00 per share.
How many ordinary shares were issued as a result of the conversion?
A total of 2,166,626 ordinary shares were issued.
Filing Stats: 414 words · 2 min read · ~1 pages · Grade level 14.4 · Accepted 2025-09-03 07:01:06
Key Financial Figures
- $2,166,626 — pursuant to which it agreed to convert $2,166,626 of outstanding liabilities into the Com
- $1.00 — y’s ordinary shares at a price of $1.00 per share, or 2,166,626 ordinary shares
- $2,116,626 — as directly or indirectly the holder of $2,116,626 of such liabilities and received an agg
- $50,000 — as directly or indirectly the holder of $50,000 of such liabilities and received an agg
Filing Documents
- mmvh6k9325.htm (6-K) — 12KB
- mmvhex10-1.htm (EX-10.1) — 26KB
- 0001185185-25-001112.txt ( ) — 40KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 10.1 Supplemental Agreement No. 1 to the Share Exchange Agreement 1 SIGNATURE 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, thereunto duly authorized. Dated: September 1, 2025 MULTIMETAVERSE HOLDINGS LIMITED By: /s/ Yiran Xu Name: Yiran Xu Title: Chief Executive Officer 2