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Frugl Group Limited ( (AU:IFG) ) has shared an update.
InFocus Group Holdings Limited has issued a Cleansing Statement regarding the issuance of 130,200 convertible notes as part of a capital raising initiative. This funding, secured through an agreement with Obsidian Global Partners, LLC Inc, will support the company’s expansion in frontier technologies and general working capital. The arrangement is considered beneficial for shareholders due to its low dilution impact and cost efficiency compared to alternative financing sources.
More about Frugl Group Limited
InFocus Group Holdings Limited is a data analytics and software solutions company that focuses on frontier technologies, including digital assets, big data, artificial intelligence, and machine learning.
Average Trading Volume: 5,423,010
Technical Sentiment Signal: Sell
Current Market Cap: A$4.42M
See more data about IFG stock on TipRanks’ Stock Analysis page.