OSN converts $55M Anghami notes into 2.38M shares at $25

Rhea-AI Filing Summary

Anghami Inc. (ANGH) reported that OSN Streaming Limited delivered notice of its intention to convert its senior unsecured convertible notes. OSN plans to convert the entire principal of $55,000,000 plus capitalized and accrued PIK interest expected to total approximately $4,404,313 as of December 15, 2025 (the Conversion Date).

The conversion will be effected at a base conversion price of $25.00 per ordinary share (as adjusted following the Reverse Stock Split), resulting in the issuance of 2,376,171 Ordinary Shares to OSN on the Conversion Date.

Insights

Capital structure analyst

OSN plans to convert $55M notes plus PIK into 2.38M shares at $25.

Anghami received notice that OSN intends to convert senior unsecured convertible notes consisting of $55,000,000 principal and approximately $4,404,313 PIK interest as of December 15, 2025. The conversion price is $25.00 per ordinary share, adjusted following the Reverse Stock Split.

This action will result in the issuance of 2,376,171 Ordinary Shares to OSN on the Conversion Date. The filing states the mechanics and resulting share count; any broader impact on ownership or float depends on existing share levels, which are not included in the excerpt.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File Number: 001-41263

Anghami Inc.

(Exact name of registrant as specified in its charter)

16th Floor, Al-Khatem Tower, WeWork Hub71
Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Conversion of OSN Convertible Note

On October 14, 2025, OSN Streaming Limited (“OSN”), delivered a notice (the “Notice”) to Anghami Inc. (the “Company”), pursuant to the terms of the senior unsecured convertible notes (the “Notes”) held by OSN, notifying the Company of OSN’s intention to convert: (i) the entire principal amounts outstanding under the Notes in the aggregate amount of $55,000,000; and (ii) the capitalized PIK Interest and any accrued and not capitalized PIK Interest under the Notes as of December 15, 2025 (the “Conversion Date”), which is expected to be in the aggregate amount of approximately $4,404,313 (the “PIK Interest Amount”). The conversion of the Notes and the PIK Interest Amount shall be effected at the base conversion price of $25.00 per ordinary share (as such base conversion price was adjusted pursuant to the Notes following the Reverse Stock Split), resulting in the issue to OSN of a total of 2,376,171 Ordinary Shares on the Conversion Date.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

	ANGHAMI INC.
Date: October 22, 2025	By:	/s/ Elias Habib
	Name:	Elias Habib
	Title:	Chief Executive Officer

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FAQ

What did Anghami (ANGH) disclose about OSN's convertible notes?

OSN notified Anghami of its intention to convert its senior unsecured convertible notes into shares on the Conversion Date.

How much principal is being converted by OSN in Anghami (ANGH)?

The notice covers the entire outstanding principal of $55,000,000.

What is the PIK interest amount included in the Anghami (ANGH) conversion?

The capitalized and accrued PIK interest is expected to total approximately $4,404,313 as of the Conversion Date.

What is the conversion price for the Anghami (ANGH) notes?

The conversion will be effected at a base conversion price of $25.00 per ordinary share, adjusted following the Reverse Stock Split.

How many shares will be issued to OSN in the Anghami (ANGH) conversion?

Anghami will issue 2,376,171 Ordinary Shares to OSN on the Conversion Date.

When is the Conversion Date for the Anghami (ANGH) notes?

The Conversion Date is December 15, 2025.