Traffic Technologies Ltd (AU:TTI) has released an update.
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Traffic Technologies Ltd has convened an Extraordinary General Meeting to seek shareholder approval for key refinancing initiatives, including a US $3 million convertible note and a strategic share placement to bolster working capital for ongoing operations. The financial restructuring includes agreements with the Season Group for a share placement and with First Samuel Ltd to replace an existing term loan, signaling a proactive approach to improving the company’s financial health.
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