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Frugl Group Limited ( (AU:IFG) ) just unveiled an announcement.
InFocus Group Holdings Limited has issued 166,450 convertible notes as part of a capital raising effort to fund the expansion of its activities in frontier technologies and general working capital. The funding arrangement with Obsidian Global Partners is designed to be cost-effective and minimize dilution, with the potential to convert notes into shares, enhancing the company’s cash reserves and shareholder value.
More about Frugl Group Limited
InFocus Group Holdings Limited is a data analytics and software solutions company focusing on frontier technologies such as digital assets, big data, artificial intelligence, and machine learning.
Average Trading Volume: 3,523,601
Technical Sentiment Signal: Sell
Current Market Cap: A$9.41M
For detailed information about IFG stock, go to TipRanks’ Stock Analysis page.