{"id":1743,"date":"2024-10-28T12:16:48","date_gmt":"2024-10-28T12:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1743"},"modified":"2024-10-28T12:16:48","modified_gmt":"2024-10-28T12:16:48","slug":"gryphon-digital-restructures-18-million-debt-with-lender-anchorage-grants-it-board-seat","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1743","title":{"rendered":"Gryphon Digital Restructures $18 Million Debt With Lender Anchorage, Grants It Board Seat"},"content":{"rendered":"<div>\n<p>On Monday, <strong>Gryphon Digital Mining<u>,<\/u> Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GRYP#NASDAQ\">GRYP<\/a>) announced it has entered into an agreement with lender Anchorage Lending CA, LLC, a subsidiary of <strong>Anchor Labs, Inc. <\/strong>d\/b\/a <strong>Anchorage Digital<\/strong>, to restructure the Company&#8217;s outstanding debt substantially.<\/p>\n<p>Under the terms of the agreement, Gryphon&#8217;s remaining 304 BTC (approximately $18 million) liability to Anchorage Digital will be split between $13 million, which will convert into equity and pre-funded warrants and $5 million, which will remain as debt.<\/p>\n<p>Anchorage Digital will be granted a seat on the Company&#8217;s Board of Directors.<\/p>\n<p><strong><em>Also Read:<\/em><\/strong><em> <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41565622\/bitcoin-ethereum-dogecoin-gain-after-israel-skips-targeting-irans-oil-infrastructure-analy\" rel=\"noreferrer noopener\">Bitcoin, Ethereum, Dogecoin Gain After Israel Skips Targeting Iran&#8217;s Oil Infrastructure: Analyst Expects King Crypto To Trade in $90K-$100K Zone Around New Year&#8217;s Eve<\/a><\/em><\/p>\n<p>The $13 million converts into 8.3 &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41571498\/gryphon-digital-restructures-18-million-debt-with-lender-anchorage-grants-it-board-seat\" alt=\"Gryphon\" digital restructures million debt with lender anchorage grants it board seat>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, Gryphon Digital Mining, Inc. (NASDAQ:GRYP) announced it has entered into an agreement with lender Anchorage Lending CA, LLC, a subsidiary of Anchor Labs, Inc. d\/b\/a Anchorage Digital, to restructure the Company&#8217;s outstanding debt substantially. Under the terms of the agreement, Gryphon&#8217;s remaining 304 BTC (approximately $18 million) liability to Anchorage Digital will be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1743","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1743"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1743\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}