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The latest update is out from Fatfish Group ( (AU:FFG) ).
Fatfish Group has refinanced an existing $5.67 million debt facility with Arena Investors LP and secured an additional $0.15 million in funding through the issue of new secured convertible notes. The arrangement converts Arena’s existing loan into convertible notes in multiple tranches, introduces a low floor conversion price and grants Arena the right to nominate a director, underscoring Arena’s strengthened position as a key financier while providing Fatfish with immediate liquidity and market-standard financing terms that may influence its capital structure and governance once shareholder approvals are obtained.
The most recent analyst rating on (AU:FFG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Fatfish Group stock, see the AU:FFG Stock Forecast page.
More about Fatfish Group
Fatfish Group Limited is a publicly traded tech venture firm with operations in Southeast Asia and internationally, focusing on building businesses across fintech, gaming and other technology-related sectors. The company holds a majority stake in Abelco Investment Group AB, listed on Sweden’s Nordic Growth Market, and runs its activities from innovation hubs in Kuala Lumpur, Singapore and Stockholm.
Average Trading Volume: 1,273,592
Technical Sentiment Signal: Sell
Current Market Cap: A$10.88M
See more insights into FFG stock on TipRanks’ Stock Analysis page.