Nexion Group Ltd. (AU:NNG) has released an update.
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NEXION Group Ltd has secured $780,000 through the issuance of 7.8 million convertible notes to finance a proposed acquisition, aiming for a total raise of up to $2 million. The unsecured notes, maturing in May 2026 with a 10% interest rate, offer conversion into shares and options, although the company anticipates repaying in cash without issuing conversion securities. This strategic financial move is set to bolster NEXION’s enterprise asset management solutions utilizing cutting-edge AI, Machine Learning, and Digital Twin technologies.
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