Integrated Media Technology (IMTE) has released an update.
Integrated Media Technology Limited has inked a Convertible Note Purchase Agreement with Montague Capital Pty Ltd, effectively from July 17, 2024. The deal includes a $350,000 convertible promissory note with a 24-month term and conversion price set at $1.25 per share, alongside warrants amounting to 150% of the purchase price. These financial instruments are designed to bolster Integrated Media Technology’s capital structure and provide potential equity interest to the purchaser.
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