ETHZilla Corp 8-K

What Happened

• ETHZilla Corporation filed an 8‑K (dated December 30, 2025) announcing that its obligations under the August 8, 2025 Securities Purchase Agreement and a related September 22, 2025 Amendment and Waiver Agreement with an institutional investor were terminated. The agreements had covered senior secured convertible notes issued in August and September 2025.
• The August 2025 Convertible Notes had aggregate principal of $156,250,000; the September 2025 Convertible Notes had aggregate principal of $360,000,000. The Convertible Notes were secured by approximately $509,090,000 in cash collateral and 11,374.893513 ETH (Ether) held in restricted accounts as of December 9, 2025. The filing states no material early termination penalties were incurred in connection with the termination.

Key Details

• Agreements terminated: Securities Purchase Agreement (Aug 8, 2025) and Amendment/Waiver Agreement (Sept 22, 2025).
• Debt amounts: $156,250,000 (August notes) and $360,000,000 (September notes).
• Collateral released: ~ $509,090,000 cash and 11,374.893513 ETH, previously held in restricted accounts (as of Dec 9, 2025).
• Investor: investment funds managed by an institutional investor (unnamed in the filing).

Why It Matters

• This removes the company’s obligations under the referenced senior secured convertible financings and returns substantial cash and ETH collateral that had been restricted — which can materially affect ETHZilla’s liquidity and available assets.
• For investors, the termination changes the company’s secured debt profile and could impact future capital structure, access to assets previously held as collateral, and negotiations with lenders or investors. The filing reports no material early termination penalties, indicating the company did not incur significant one‑time costs tied to ending the agreements.