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AssetOwl Limited ( (AU:AO1) ) has issued an update.
AssetOwl Limited has secured a convertible note funding arrangement with Solid Energy Technologies Pty Ltd, a related party of its Executive Director. This funding, amounting to $281,654, provides immediate financial resources to AssetOwl and is structured as a zero-coupon convertible note, with conversion contingent on shareholder approval. This move is part of AssetOwl’s broader financial strategy, complementing an existing loan facility with Pacific Equity Investors Inc, and aims to strengthen its financial position and operational capabilities.
More about AssetOwl Limited
AssetOwl Limited operates in the technology industry, focusing on providing innovative solutions for asset management. The company’s primary products and services revolve around enhancing operational efficiencies and offering comprehensive asset tracking and management tools.
Current Market Cap: A$1.95M
For an in-depth examination of AO1 stock, go to TipRanks’ Overview page.