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Nexion Group Ltd. ( (AU:NNG) ) just unveiled an announcement.
NEXION Group Ltd has issued 800,000 convertible notes at $0.10 each, raising $80,000 to fund costs related to identifying and advancing a potential transaction. These unsecured notes, maturing on 31 May 2026, carry an interest rate of 10% per annum and are convertible into shares, subject to certain conditions, although the company anticipates repaying them in cash.
More about Nexion Group Ltd.
NEXION Group Ltd specializes in integrating software, compute, storage, network, and cybersecurity to provide robust hybrid-cloud systems. The company owns a 2MW data center in Perth, Western Australia, which it utilizes to host compute and storage equipment and deliver cloud services.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.05M
For detailed information about NNG stock, go to TipRanks’ Stock Analysis page.