{"success":true,"data":{"pressRelease":{"id":"133999","rtpr_id":"nACSL2fVda","ticker":"BTTC","exchange":"NASDAQ","all_tickers":["BTTC"],"title":"Black Titan Corporation Announces Full Conversion of Its Outstanding Convertible Note","author":"ACCESSWIRE","published_at":"2026-09-02T13:00:01.727Z","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) /\nSeptember 2, 2026 / Black Titan Corporation (NASDAQ:BTTC) (\"Black Titan\" or\nthe \"Company\") today announced that the senior unsecured convertible note (the\n\"Note\") issued to an institutional investor has been converted in full into an\naggregate of 2,924,082 ordinary shares of the Company.\n\nBackground. The Note was issued on January 16, 2026 in an original principal\namount of $1,515,000 (including $15,000 in fees), at a purchase price of\n$1,350,000, reflecting a 10% original issue discount to the principal of the\nNote. It was issued pursuant to a Securities Purchase Agreement between the\nCompany and the institutional investor providing for senior, unsecured\nconvertible notes of up to $200,000,000 in aggregate principal amount. The\nCompany retained the option to issue additional notes at future closings\nthrough January 16, 2029. No additional notes have been issued under the\nSecurities Purchase Agreement, which remains in effect through January 16,\n2029.\n\nConversion and satisfaction. The holder converted the Note in a series of\ntranches between May 2026 and August 20, 2026, in accordance with the terms of\nthe Securities Purchase Agreement. The final conversion satisfied the Note in\nfull, and no principal, accrued interest, or other amounts remain outstanding.\n\n\"The Note has been fully converted and satisfied in accordance with its terms,\nand the Company has no remaining obligations under it,\" said Brynner Chiam,\nCo-CEO of Black Titan.\n\nAbout Black Titan Corp\n\nBlack Titan Corporation (NASDAQ:BTTC), through its subsidiary TalenTec Sdn\nBhd, is a provider of human capital management (\"HCM\") and enterprise resource\nplanning (\"ËRP\") solutions across Southeast Asia, distributing and supporting\nenterprise HCM and ERP and financial software platforms alongside related\nconsulting, implementation, training, and continuing support services. The\nCompany serves clients across financial institutions, manufacturing,\nutilities, higher education, and other sectors, and is expanding its regional\npresence to support growing demand for HCM and ERP solutions.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These statements are\nbased on current expectations and assumptions that are subject to change.\nActual results may differ materially from those anticipated in the\nforward-looking statements. Forward-looking statements are subject to numerous\nrisks and uncertainties that may cause actual results to differ materially\nfrom those expressed or implied, including market volatility, regulatory\ndevelopments and dilution from future financings. The Company undertakes no\nobligation to update or revise any forward-looking statements except as\nrequired by law.\n\nMedia & Investor Contact\n\nBrynner Chiam\nCo-Chief Executive Officer\ncontact-us@blacktitancorp.com\n\nSOURCE: Black Titan Corp\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/blockchain-and-cryptocurrency/black-titan-corporation-announces-full-conversion-of-its-outstanding-1215717)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSL2fVda","title":"Black Titan Corporation Announces Full Conversion of Its Outstanding Convertible Note","author":"ACCESSWIRE","ticker":"BTTC","created":"2026-09-02T13:00:01.727Z","tickers":["BTTC"],"exchange":"NASDAQ","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) /\nSeptember 2, 2026 / Black Titan Corporation (NASDAQ:BTTC) (\"Black Titan\" or\nthe \"Company\") today announced that the senior unsecured convertible note (the\n\"Note\") issued to an institutional investor has been converted in full into an\naggregate of 2,924,082 ordinary shares of the Company.\n\nBackground. The Note was issued on January 16, 2026 in an original principal\namount of $1,515,000 (including $15,000 in fees), at a purchase price of\n$1,350,000, reflecting a 10% original issue discount to the principal of the\nNote. It was issued pursuant to a Securities Purchase Agreement between the\nCompany and the institutional investor providing for senior, unsecured\nconvertible notes of up to $200,000,000 in aggregate principal amount. The\nCompany retained the option to issue additional notes at future closings\nthrough January 16, 2029. No additional notes have been issued under the\nSecurities Purchase Agreement, which remains in effect through January 16,\n2029.\n\nConversion and satisfaction. The holder converted the Note in a series of\ntranches between May 2026 and August 20, 2026, in accordance with the terms of\nthe Securities Purchase Agreement. The final conversion satisfied the Note in\nfull, and no principal, accrued interest, or other amounts remain outstanding.\n\n\"The Note has been fully converted and satisfied in accordance with its terms,\nand the Company has no remaining obligations under it,\" said Brynner Chiam,\nCo-CEO of Black Titan.\n\nAbout Black Titan Corp\n\nBlack Titan Corporation (NASDAQ:BTTC), through its subsidiary TalenTec Sdn\nBhd, is a provider of human capital management (\"HCM\") and enterprise resource\nplanning (\"ËRP\") solutions across Southeast Asia, distributing and supporting\nenterprise HCM and ERP and financial software platforms alongside related\nconsulting, implementation, training, and continuing support services. The\nCompany serves clients across financial institutions, manufacturing,\nutilities, higher education, and other sectors, and is expanding its regional\npresence to support growing demand for HCM and ERP solutions.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These statements are\nbased on current expectations and assumptions that are subject to change.\nActual results may differ materially from those anticipated in the\nforward-looking statements. Forward-looking statements are subject to numerous\nrisks and uncertainties that may cause actual results to differ materially\nfrom those expressed or implied, including market volatility, regulatory\ndevelopments and dilution from future financings. The Company undertakes no\nobligation to update or revise any forward-looking statements except as\nrequired by law.\n\nMedia & Investor Contact\n\nBrynner Chiam\nCo-Chief Executive Officer\ncontact-us@blacktitancorp.com\n\nSOURCE: Black Titan Corp\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/blockchain-and-cryptocurrency/black-titan-corporation-announces-full-conversion-of-its-outstanding-1215717)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-09-02T13:00:01.764757114Z","server_sent_at_ms":1788354001764},"received_at":"2026-09-02T13:00:01.849Z","source_url":"https://www.accessnewswire.com/newsroom/en/blockchain-and-cryptocurrency/black-titan-corporation-announces-full-conversion-of-its-outstanding-1215717"},"analysis":{"id":"122893","press_release_id":"133999","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Securities Purchase Agreement remains in effect with up to $200,000,000 in additional convertible note capacity through January 16, 2029 (potential dilution overhang)","2,924,082 new ordinary shares issued via note conversion dilute existing holders"],"eventType":"dilution","narrative":"Black Titan Corporation (NASDAQ:BTTC) announced that the senior unsecured convertible note issued to an institutional investor has been converted in full into 2,924,082 ordinary shares, with no principal, accrued interest, or other amounts remaining outstanding.\n\nThe note was issued January 16, 2026 with an original principal of $1,515,000 at a purchase price of $1,350,000 — a 10% original issue discount — and was converted in tranches between May 2026 and August 20, 2026.\n\nThe note sat under a Securities Purchase Agreement providing for up to $200,000,000 in convertible notes through January 16, 2029; no additional notes have been issued, but that untapped capacity remains a potential source of future dilution.","sentiment":"mixed","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap clears its convertible note via equity conversion, but the $200M SPA capacity through 2029 keeps a dilution overhang on the ticker."},"keyFigures":{"customDimensions":{"spa_expires":"January 16, 2029","spa_max_capacity":200000000,"conversion_window":"May 2026 to August 20, 2026","note_purchase_price":1350000,"note_original_principal":1515000,"original_issue_discount":"10%","shares_issued_on_conversion":2924082}},"quotedText":"fully converted and satisfied in accordance with its terms","namedEntities":{"people":[{"name":"Brynner Chiam","role":"Co-CEO"}],"products":[],"companies":[{"name":"Black Titan Corporation","ticker":"BTTC","relationship":"filer"},{"name":"TalenTec Sdn Bhd","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1,515,000","context":"original principal amount of the convertible note (including $15,000 in fees)"},{"amount":"$15,000","context":"fees included in the note's original principal"},{"amount":"$1,350,000","context":"purchase price paid for the note"},{"amount":"$200,000,000","context":"maximum aggregate principal of convertible notes issuable under the Securities Purchase Agreement"}]},"materialImpact":{"score":2,"reasoning":"A $1.515M convertible note was retired via issuance of 2,924,082 shares — a real but modest capital-structure event for a micro-cap, eliminating debt while adding shares. The remaining $200M SPA capacity is a future dilution overhang, but nothing new was issued."},"tickerRelevance":{"others":[],"primary":"BTTC"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"convertible-note-conversion","issuerAuthored":true,"householdBrandBoost":0,"retailFavoriteBoost":0,"capitalStructureEvent":true}},"event_type":"dilution","event_type_secondary":null,"sentiment":"mixed","material_impact_score":2,"narrative":"Black Titan Corporation (NASDAQ:BTTC) announced that the senior unsecured convertible note issued to an institutional investor has been converted in full into 2,924,082 ordinary shares, with no principal, accrued interest, or other amounts remaining outstanding.\n\nThe note was issued January 16, 2026 with an original principal of $1,515,000 at a purchase price of $1,350,000 — a 10% original issue discount — and was converted in tranches between May 2026 and August 20, 2026.\n\nThe note sat under a Securities Purchase Agreement providing for up to $200,000,000 in convertible notes through January 16, 2029; no additional notes have been issued, but that untapped capacity remains a potential source of future dilution.","key_figures":{"customDimensions":{"spa_expires":"January 16, 2029","spa_max_capacity":200000000,"conversion_window":"May 2026 to August 20, 2026","note_purchase_price":1350000,"note_original_principal":1515000,"original_issue_discount":"10%","shares_issued_on_conversion":2924082}},"named_entities":{"people":[{"name":"Brynner Chiam","role":"Co-CEO"}],"products":[],"companies":[{"name":"Black Titan Corporation","ticker":"BTTC","relationship":"filer"},{"name":"TalenTec Sdn Bhd","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1,515,000","context":"original principal amount of the convertible note (including $15,000 in fees)"},{"amount":"$15,000","context":"fees included in the note's original principal"},{"amount":"$1,350,000","context":"purchase price paid for the note"},{"amount":"$200,000,000","context":"maximum aggregate principal of convertible notes issuable under the Securities Purchase Agreement"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T16:14:47.688Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"convertible-note-conversion","issuerAuthored":true,"householdBrandBoost":0,"retailFavoriteBoost":0,"capitalStructureEvent":true}},"durationMs":279506,"modelName":"glm-4.7"}}