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Peppermint Innovation Limited ( (AU:PIL) ) has issued an update.
Peppermint Innovation Ltd has resolved a monetary dispute with Obsidian Global GP LLC through a binding settlement agreement, leading to the formal withdrawal of all claims related to the demand without any admission of liability or ongoing contingent liabilities for the company. Under the settlement, Peppermint will make three instalment payments to Obsidian, comprising the immediate issue of 21,305,714 fully paid ordinary shares, followed by cash payments of US$50,000 by mid-March 2026 and US$450,000 by the end of April 2026, after which the existing convertible securities and share placement agreement with Obsidian will be terminated; with this clarity, the company is pursuing new funding and business expansion proposals and plans to seek the lifting of its trading suspension on the ASX once funding is confirmed.
The most recent analyst rating on (AU:PIL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Peppermint Innovation Limited stock, see the AU:PIL Stock Forecast page.
More about Peppermint Innovation Limited
Peppermint Innovation Ltd is an Australian financial technology company focused on commercialising and further developing the Peppermint Platform, a mobile banking, payments and lending solution designed to deliver digital financial inclusion to consumers in the Philippines.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.04M
For detailed information about PIL stock, go to TipRanks’ Stock Analysis page.