The latest update is out from PhosCo Ltd ( (AU:PHO) ).
PhosCo Ltd has announced an extension to the maturity date of its converting notes from April 24, 2025, to May 15, 2025, to facilitate the completion of an Entitlement Offer. The interest on these notes will continue to accrue at an annual rate of 10% during this period. The extension does not affect the maximum number of shares and options issuable upon conversion, maintaining the terms approved in previous general meetings. This move is expected to provide the company with additional time to manage its capital raising activities effectively, potentially impacting its financial strategy and stakeholder interests.
More about PhosCo Ltd
PhosCo Ltd operates in the financial services industry, focusing on securities and investment products. The company primarily deals with converting notes and related financial instruments, catering to investors and stakeholders in the capital markets.
YTD Price Performance: -8.33%
Average Trading Volume: 119,409
Technical Sentiment Signal: Buy
Current Market Cap: A$21.27M
For detailed information about PHO stock, go to TipRanks’ Stock Analysis page.