Business Context and Reporting Period
This Form 6-K filing by Anghami Inc. covers the month of October 2025. The report details a material corporate action involving the conversion of debt held by OSN Streaming Limited into equity.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, or operating margins. The primary financial data disclosed relates to a specific debt instrument:
- Convertible Note Principal: $55,000,000
- Capitalized and Accrued PIK Interest: Approximately $4,404,313
- Total Conversion Value: Approximately $59,404,313
- Conversion Price: $25.00 per ordinary share (adjusted for Reverse Stock Split)
- Shares to be Issued: 2,376,171 Ordinary Shares
Material Changes
On October 14, 2025, OSN Streaming Limited delivered a notice to Anghami Inc. of its intention to convert the entire principal amount of its senior unsecured convertible notes, along with all capitalized and accrued PIK interest. This transaction will result in the issuance of new ordinary shares to OSN on the scheduled Conversion Date of December 15, 2025.
Outlook and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the mechanics of the note conversion. The transaction is executed pursuant to the existing terms of the Notes.
Investor Verification Checklist
- Verify the exact number of shares to be issued (2,376,171) and the resulting dilution impact on existing shareholders.
- Confirm the final calculation of the PIK Interest Amount as of the December 15, 2025 Conversion Date.
- Review the impact of this conversion on the company's total debt load and capital structure.
- Check for any subsequent filings regarding the actual issuance of shares on the Conversion Date.