Big Digital Energy, Inc. — Form SCHEDULE 13D/A
Filed July 10, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
— Neutral
significance 72/100
What the filing says
On June 30, 2026, Six Thirty AI, LLC and affiliates (borrowers) entered into a $16.7M term loan from YA II PN, LTD (Yorkville). Proceeds fund investment in Big Digital Energy (BGDE) Series D Preferred Stock ($1,000/share liquidation value; 16,700 shares). Loan matures June 30, 2027, with 10% original issue discount ($1.67M); 0% stated interest; lenders receive BGDE warrants as commitment fee. Borrowers can exchange obligations for BGDE preferred shares at face value. Extensive defaults tied to BGDE stock price and equity maintenance. Counterparties: Yorkville Advisors Global LP (lender/agent); three other entities (Endeavour Blockchain, PM Squared, Six Thirty AI) pledge membership interests.
Why this rating
Large relative to $6.5M company (257% of market value), but proceeds leave firm—investment in external security creates no direct operating impact. Conversion and equity clauses create material conditional obligations.
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