Adveritas Extends Convertible Notes Maturity

Adveritas Limited (AU:AV1) has released an update.

Adveritas Limited has announced that the maturity date for its convertible notes has been extended by 12 months, now maturing on April 12, 2025. Investors will receive an interest rate of 8% per annum during this period, with the notes and accrued interest convertible into shares at a predetermined price. The total number of shares issued upon conversion will remain unchanged as previously approved by the company’s annual general meeting.

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