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OpenLearning Ltd. ( (AU:OLL) ) has shared an update.
OpenLearning Limited has announced a debt-to-equity conversion agreement with its largest shareholder, the Education Centre of Australia (ECA), converting approximately $1.0 million of debt into equity at a 25% premium to the market price. This move will extinguish the company’s debt obligations to ECA and increase ECA’s shareholding to 63.97%, pending shareholder approval. The conversion underscores ECA’s confidence in OpenLearning’s long-term strategy and growth prospects in the EdTech sector.
More about OpenLearning Ltd.
OpenLearning Limited is an AI-powered Learning Management System company that operates in the EdTech sector. It focuses on providing SaaS LMS solutions, aiming to innovate technologically and grow its market presence.
Average Trading Volume: 413,355
Technical Sentiment Signal: Sell
Current Market Cap: A$6.76M
Find detailed analytics on OLL stock on TipRanks’ Stock Analysis page.