Canadian listed company Universal Digital plans to raise $50 million to support its Bitcoin holdings

Universal Digital, a Canadian listed company, announced it has signed a subscription agreement with Helena Global Investment Opportunities 1 to raise $50 million through the issuance of senior secured convertible bonds to support its Bitcoin holdings and business operations. The first tranche of bonds is expected to be issued around October 31, 2025, with subsequent tranches to be issued on dates agreed upon by both parties. (Newsfilecorp)