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SkyFii Limited ( (AU:BEO) ) has provided an update.
Beonic Ltd has secured an additional $440k in subscriptions for convertible notes, bringing the total raised to $4.18 million. These funds will be used to accelerate the company’s product roadmap, repay existing debts, and advance the North African Airport Project. The convertible notes, with a face value of $1.00 and an interest rate of 10% per annum, will mature 24 months after issuance. The largest shareholder, Thorney Group, and Beonic directors have subscribed for a significant portion of these notes, subject to shareholder approval. This financial move is expected to bolster Beonic’s market position and operational capabilities.
More about SkyFii Limited
Beonic Ltd is a company that specializes in creating intelligent environments using its AI-driven platform. The company focuses on optimizing touchpoints and delivering differentiated experiences in various settings such as workplaces, retail, airports, stadiums, smart cities, and other public and commercial venues. Beonic’s platform integrates data from technologies like WiFi, cameras, people counting, LiDAR, CCTV, and IoT devices, enhancing operational performance with additional data and marketing services.
Average Trading Volume: 39,131
Technical Sentiment Signal: Buy
Current Market Cap: A$19.98M
See more insights into BEO stock on TipRanks’ Stock Analysis page.