Bitzero Announces Notice of Intention to Prepay Loan

Rhea-AI Summary

Bitzero (NASDAQ: AIBZ) has delivered notice under its existing senior secured loan facility of its intention to prepay all outstanding obligations. The company expects to complete the prepayment on or about August 6, 2026, after the required five-business-day notice period.

Bitzero plans to use a portion of the net proceeds from its recently closed approximately US$25 million private placement financing to fund the prepayment. The final loan payoff is expected to include US$22,375,000 in principal plus accrued interest and other amounts due. Upon completion, the loan is expected to be fully repaid and related liens released, which the company expects will strengthen its balance sheet, streamline its capital structure, and leave it substantially free of material debt.

Positive

• US$22.375 million senior secured loan expected to be fully repaid
• Prepayment funded from recent US$25 million private placement proceeds
• Expected release of all related liens and security interests on assets
• Company expects to be substantially free of material debt post-transaction

Negative

• None.

Market Context

Historical event 1073456 produced a 0.9% 24-hour reaction, adding a measured comparison for Bitzero'...

Analysis

Historical event 1073456 produced a 0.9% 24-hour reaction, adding a measured comparison for Bitzero's debt-prepayment announcement. The platform reports low short positioning; completion of the notice-period process remains the key condition.

Key Figures

Notice period: five business days Expected prepayment date: August 6, 2026 Private placement financing: approximately US$25 million +2 more

5 metrics

Notice period five business days Loan prepayment process

Expected prepayment date August 6, 2026 Following expiry of the notice period

Private placement financing approximately US$25 million Closed July 30, 2026

Outstanding principal US$22,375,000 Existing senior secured loan

Data center locations four North American and Nordic regions

Historical Context

2 past events · Latest: Jun 23 (Positive)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 23	land reservation	Positive	+0.9%	Reserved approximately 33 hectares in Finland for a potential 60MW data center site
Jun 15	Nasdaq debut	Positive	+21.6%	Outlined over 1GW planned capacity, including a 110MW Norway campus and binding lease letter

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Both prior general-news events recorded positive 24-hour reactions: 0.9% and 21.6%.

Key Terms

high-performance compute, senior secured loan facility, private placement financing, liens

4 terms

high-performance compute technical

"a provider of sustainable high-performance compute ("HPC")"

High-performance compute describes very powerful computer systems and services designed to process large amounts of data or run complex simulations far faster than ordinary computers — think of a high-speed highway and a team of many workers tackling a huge job at once. For investors, it matters because access to faster, more reliable computing can speed product development, improve accuracy of models, lower operational costs, and create competitive advantages that affect revenues, costs and valuation.

senior secured loan facility financial

"under the Company's existing senior secured loan facility"

A senior secured loan facility is a large, often syndicated, loan a company takes that is backed by specific collateral and given first priority for repayment if the company runs into trouble. Think of it like a mortgage on a house where the mortgage lender gets paid before others and can seize the pledged assets; investors care because these loans carry lower risk and influence a company’s borrowing cost, credit stability, and the safety of other creditors or shareholders.

private placement financing financial

"net proceeds of its recently completed approximately US$25 million private placement financing"

Private placement financing is when a company raises money by selling stocks, bonds or other securities directly to a small group of chosen investors instead of offering them on the public market. For investors it matters because these deals can change ownership stakes, bring fresh cash for growth or debt reduction, and affect how easy it is to buy or sell those securities later—think of it like inviting a few private backers into a business rather than opening the door to the whole neighborhood.

liens regulatory

"with all related liens and security interests against the Company's assets released"

Liens are legal claims or rights that a creditor has over a person's property, such as a home or car, as a way to secure repayment of a debt. If the debt remains unpaid, the creditor may have the authority to take or sell the property to recover what is owed. For investors, liens can affect the value or sale of property and represent a potential risk or priority in getting paid during financial disputes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Company expects to use a portion of financing proceeds to prepay existing secured indebtedness following five-business-day notice period

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2026) - Bitzero Holdings Inc. (NASDAQ: AIBZ) (CSE: AIBZ.U) (FSE: 000) ("Bitzero" or the "Company"), a provider of sustainable high-performance compute ("HPC") and AI data center infrastructure, announces that it has delivered the required notice under the Company's existing senior secured loan facility with a syndicate of lenders (the "Loan") of the Company's intention to prepay the outstanding obligations under the Loan.

The Company expects to complete the prepayment on or about August 6, 2026, following expiry of the applicable five-business-day notice period under the Loan. The Company expects to use a portion of the net proceeds of its recently completed approximately US$25 million private placement financing, which closed on July 30, 2026, to fund the prepayment.

The final amount payable under the Loan will include US$22,375,000 in outstanding principal, plus accrued and unpaid interest, and any other amounts payable under the Loan as of the prepayment date.

Upon completion of the prepayment, the Company expects the Loan to be repaid in full, with all related liens and security interests against the Company's assets released in accordance with the applicable payoff, discharge and release mechanics under the Loan. The Company expects this to significantly strengthen its balance sheet, streamline its capital structure, and leave the business substantially free of material debt as it advances its long-term infrastructure and data center growth strategy. The prepayment follows the successful closing of the Company's approximately US$25 million private placement financing, which was comprised entirely of U.S. institutional investors, representing an important milestone in the continued institutionalization of Bitzero's capital base. Together, these developments are expected to enhance the Company's financial flexibility and position Bitzero to accelerate the advancement of its growing portfolio of infrastructure assets.

About Bitzero Holdings Inc.

Bitzero Holdings Inc. is a provider of IT energy infrastructure and high-efficiency power for data centers. The Company focuses on data center development, high-performance compute (HPC), and strategic data center hosting partnerships. Bitzero Holdings Inc. owns four data center locations in the North American and Nordic regions, with its Nordic assets powered by clean, low-carbon energy sources. Visit www.bitzero.com for more information.

Bitzero Contact

Mohammed Bakhashwain
+44 777 303 0394
investors@bitzero.com

Bitzero Investor Relations Contact

Victoria Rutherford
480-625-5772
Victoria@adcap.ca

Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities laws. Forward-looking information in this news release includes, but is not limited to, statements regarding the Company's intention to prepay the Loan, the expected timing of the prepayment, the expected use of proceeds of the Company's private placement financing, the expected aggregate payoff amount, the expected repayment in full of the outstanding obligations under the Loan, the timing and completion of related discharge and release documentation in respect of applicable security, the expected reduction of secured indebtedness and the Company's expected financial and operational flexibility following the prepayment.

Forward-looking information is based on the Company's current expectations, estimates, projections, assumptions and beliefs, including assumptions regarding the availability of proceeds from the Company's private placement financing, the accuracy and completion of payoff calculations, the Company's ability to satisfy applicable prepayment mechanics under the Loan, the completion of related payoff, discharge and release documentation in accordance with applicable payoff, discharge and release mechanics and the absence of material disputes or other issues with the lenders or agents under the Loan. Actual results may differ materially from those expressed or implied by such forward-looking information as a result of known and unknown risks, uncertainties and other factors, including, without limitation, risks relating to the availability and timing of funds, final payoff amounts, the Company's ability to complete the prepayment of the Loan on the expected timeline or at all, lender and agent documentation, discharge and release mechanics, financing risk, regulatory risk, market conditions and other risks described in the Company's public disclosure documents.

Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307419

FAQ

What did Bitzero (NASDAQ: AIBZ) announce about its senior secured loan on July 31, 2026?

Bitzero announced it has given notice of its intention to prepay all obligations under its existing senior secured loan. According to Bitzero, the prepayment will follow a five-business-day notice period required under the loan facility.

When is Bitzero (AIBZ) expected to complete the prepayment of its senior secured loan?

Bitzero expects to complete the loan prepayment on or about August 6, 2026. According to Bitzero, this timing reflects the expiry of the applicable five-business-day notice period under the senior secured loan facility.

How much debt is Bitzero (AIBZ) planning to repay under its senior secured loan?

Bitzero expects to repay US$22,375,000 in outstanding principal under the senior secured loan. According to Bitzero, the final payoff will also include accrued and unpaid interest and any other amounts payable as of the prepayment date.

How will Bitzero fund the prepayment of its senior secured loan?

Bitzero plans to use a portion of the net proceeds from its approximately US$25 million private placement. According to Bitzero, this financing closed on July 30, 2026 and involved U.S. institutional investors.

What does the Bitzero (AIBZ) loan prepayment mean for its balance sheet and capital structure?

Bitzero expects the prepayment to fully repay the loan and remove related liens on its assets. According to Bitzero, this should strengthen its balance sheet, streamline its capital structure, and leave the business substantially free of material debt.

How might Bitzero’s US$25 million private placement and loan prepayment affect its growth strategy?

Bitzero expects the financing and loan prepayment to enhance its financial flexibility. According to Bitzero, this should help the company advance its long-term infrastructure and AI data center growth strategy and support its portfolio of data center assets.