Black Titan Corporation said it fully converted a US$1.515 million convertible note into 2,924,082 ordinary shares, settling the obligation in full with no remaining principal or interest outstanding.
The note, issued on January 16, 2026, carried a US$1.5 million principal with US$15,000 in fees and was sold at a 10% original issue discount for US$1.35 million. Conversion occurred in installments between May and August 2026 under the terms of a Securities Purchase Agreement.
The agreement, which allows for additional senior unsecured convertible notes up to US$200 million in aggregate principal, remains valid through January 16, 2029. Black Titan has not issued any further notes under the facility to date.
Brynner Chiam, Co-CEO of Black Titan, confirmed the conversion and settlement, stating the company has no remaining obligations under the note. The firm, through its subsidiary TalenTec Sdn Bhd, provides human capital management and enterprise resource planning software, along with financial platforms and related services across Southeast Asia.
