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OpenLearning Ltd. ( (AU:OLL) ) has provided an update.
OpenLearning Limited has announced an agreement to convert its outstanding debt to equity with its largest shareholder, Education Centre of Australia (ECA). This conversion, priced at a 25% premium to the market price, will fully extinguish the company’s $2.12 million debt, increasing ECA’s stake in OpenLearning to 60.67%. The move reflects strong confidence in OpenLearning’s long-term strategy and the potential of the global EdTech market, with implications for shareholder value and company operations.
More about OpenLearning Ltd.
OpenLearning Limited is an AI-powered Learning Management System company focused on providing SaaS platform solutions in the EdTech sector.
Average Trading Volume: 275,008
Technical Sentiment Signal: Sell
Current Market Cap: A$6.27M
For an in-depth examination of OLL stock, go to TipRanks’ Stock Analysis page.