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Wingara Ag Ltd. ( (AU:WNR) ) has provided an announcement.
Wingara AG Limited has secured binding commitments from entities associated with NAOS Asset Management Ltd for an unsecured loan facility of up to $250,000, providing the company with funding to pursue several transaction opportunities currently under consideration. The facility carries 12% per annum interest, capitalised quarterly, and matures on 31 December 2026, with early repayment triggered if Wingara completes a capital raising of at least $1 million, and includes the potential, subject to shareholder approval, for the lender to convert outstanding amounts into unsecured convertible notes on defined terms that could lead to equity issuance, thereby affecting the company’s capital structure and offering additional funding flexibility.
The most recent analyst rating on (AU:WNR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Wingara Ag Ltd. stock, see the AU:WNR Stock Forecast page.
More about Wingara Ag Ltd.
Wingara AG Limited is an Australian agribusiness company, with operations focused on agricultural products and services, and is listed on the ASX. The company engages in transactions and capital management activities to support its ongoing participation and positioning within the agribusiness sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.23M
See more data about WNR stock on TipRanks’ Stock Analysis page.