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Eonx Technologies ( (TSE:EONX) ) has shared an update.
EonX Technologies has executed a final amendment to its secured loan facility with Chief Executive Director Andrew Kallen, reverting the structure to a conventional drawn-down loan and terminating previously added redraw and credit-balance interest features. The move follows the company’s shift to positive operating cash flow and leaves the facility, originally established at AUD $7.3 million and extended to mature on January 6, 2028, operating under its initial economic and security terms, including a conversion option into common shares at CAD $0.10. The company has benefited from AUD $113,495 in interest on surplus credit balances under the former arrangement, and the latest change, classified as a related-party transaction, falls within exemptions from formal valuation and minority approval requirements, signaling a normalization of financing while maintaining flexibility for its chief executive as lender.
The most recent analyst rating on (TSE:EONX) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Eonx Technologies stock, see the TSE:EONX Stock Forecast page.
Spark’s Take on TSE:EONX Stock
According to Spark, TipRanks’ AI Analyst, TSE:EONX is a Neutral.
Eonx Technologies’ stock score is driven by impressive revenue growth and strategic corporate developments. However, financial risks due to negative equity and bearish technical indicators weigh on the score. Valuation concerns due to negative earnings also play a role.
To see Spark’s full report on TSE:EONX stock, click here.
More about Eonx Technologies
EonX Technologies Inc. is a financial technology company that develops payments and loyalty platforms designed to reward businesses and customers when they engage and transact, targeting the next generation of digital payments and rewards solutions.
Average Trading Volume: 8,502
Technical Sentiment Signal: Buy
Current Market Cap: C$43.93M
Learn more about EONX stock on TipRanks’ Stock Analysis page.