Crypto Miner Producer AGM Group Holdings Secures $425,000 in Gross Proceeds from Subsequent Closing of Convertible Note Offering
AGM Group Holdings Inc. (Nasdaq: AGMH), a technology firm known for its capabilities in ASIC chip design and crypto miner production, announced on December 19, 2025, that it completed a subsequent closing of a convertible promissory note offering. The closing secured aggregate gross proceeds of $425,000 for the company, providing fresh capital for its ongoing operations and product development.
Subsequent Closing Details and Capital Structure
The transaction involved the closing of a convertible promissory note with a principal amount of $500,000. This specific closing is part of a previously announced US$2 million offering, indicating AGMH is systematically raising capital through hybrid financing instruments.
The note is convertible into the Company’s Class A ordinary shares, which have a par value of $0.05 per share. Convertible notes are a common financing tool, allowing companies to raise debt capital while offering investors the potential for equity upside, typically involving a conversion price set at a premium or discount to the market price at the time of issuance.
AGMH Position in the Crypto Mining Sector
AGMH is one of the few publicly-listed companies in the U.S. market that possesses both the expertise in ASIC chip design and the capacity for crypto miner production. The company highlighted that its released crypto miner products maintain competitive performance and parameters within the highly specialized sector.
The successful closing of this financing round underscores the company's ability to attract investment to support its capital-intensive operations, which include the design and manufacturing of specialized hardware essential for cryptocurrency mining.
The subsequent closing involved a convertible promissory note in the principal amount of $500,000, convertible into Class A ordinary shares of the Company, resulting in aggregate gross proceeds of $425,000.
Implications for Shareholders
While the infusion of $425,000 in gross proceeds strengthens AGMH’s balance sheet, the convertible nature of the note introduces the potential for future dilution. Should the note holders choose to convert the principal amount into Class A ordinary shares, the total outstanding share count would increase, potentially impacting the ownership percentage of existing shareholders. Investors will be monitoring the terms of the conversion and the company's deployment of the newly acquired funds.
