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Adherium Director George Baran Converts Notes and Expands Equity Stake

Story Highlights
  • Director George Baran converted convertible notes into shares, boosting his indirect equity.
  • Following these December transactions, Baran now holds over 762 million shares and more options.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Adherium Director George Baran Converts Notes and Expands Equity Stake

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The latest update is out from Adherium Ltd. ( (AU:ADR) ).

Adherium director George Baran has significantly increased his indirect equity stake in the company through Trudell Medical Limited following the conversion of convertible notes into fully paid ordinary shares and the receipt of additional attaching options. The transactions, completed in December 2025 at an issue price of $0.005 per share or note, saw Baran’s indirect holdings rise to 762,002,965 shares and a substantially higher number of unlisted options, while his convertible note balance fell to zero, indicating a material shift from debt-like instruments to equity that further aligns his interests with those of Adherium’s shareholders.

The most recent analyst rating on (AU:ADR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Adherium Ltd. stock, see the AU:ADR Stock Forecast page.

More about Adherium Ltd.

Technical Sentiment Signal: Sell

Current Market Cap: A$15.33M

For a thorough assessment of ADR stock, go to TipRanks’ Stock Analysis page.

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