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AssetOwl Limited ( (AU:AO1) ) has shared an announcement.
AssetOwl Limited has announced a debt-to-equity conversion agreement with Confiant Pty Ltd, involving the issuance of 100,000,000 new ordinary shares to settle a debt of $163,411. This move is part of AssetOwl’s broader strategy to strengthen its financial position by removing over $1.2 million in debt from its balance sheet in the past year, reflecting a significant step towards financial stability and operational efficiency.
More about AssetOwl Limited
AssetOwl Limited operates in the technology sector, focusing on providing innovative solutions for asset management. The company is known for its digital platforms that enhance property management and operational efficiency.
Current Market Cap: A$1.95M
Learn more about AO1 stock on TipRanks’ Stock Analysis page.