New Zealand Coastal Seafoods Secures $20,000 Through Convertible Note Subscription

The latest update is out from New Zealand Coastal Seafoods Limited ( (AU:NZS) ).

New Zealand Coastal Seafoods Limited has raised $20,000 through a Convertible Note subscription from a professional investor, which will enhance its financial position and support its strategic initiatives. The funds will provide additional working capital and underscore investor confidence in the company’s growth strategy and commitment to sustainable fishing practices. The Convertible Notes will automatically convert into shares upon shareholder approval, with a conversion price of $0.002 per share.

More about New Zealand Coastal Seafoods Limited

New Zealand Coastal Seafoods Limited (ASX: NZS) is a producer of premium seafood products and nutraceutical marine ingredients, operating primarily in Australia. They focus on responsible sourcing of seafood products from the Torres Strait and the Coral Sea, with an emphasis on sustainability. Their high-end seafood offerings, such as tropical rock lobster and sea cucumber, are wild caught and traceable, supported by unique fishing licenses. The company operates an export-standard processing facility in Cairns and supplies premium and frozen seafood products across Australia and the Asia-Pacific region.

Current Market Cap: A$3.33M

For a thorough assessment of NZS stock, go to TipRanks’ Stock Analysis page.