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Way2VAT Secures A$1.3 Million Convertible Note Raise to Fuel Growth
9:36am on Monday 13th of January, 2025 AEDT
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Fintech
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Way2VAT Secures A$1.3 Million Convertible Note Raise to Fuel Growth
9:36am on Monday 13th of January, 2025 AEDT
Key Points
A$1.3 million raised via convertible notes from sophisticated investors and key shareholders
Conversion into shares contingent on shareholder approval
Funds primarily allocated to working capital and servicing financing facilities
Convertible notes carry 10% annual coupon and mature in 24 months
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Way 2 VAT (ASX:W2V)
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