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Bluechiip Limited Faces Cash Crunch, Launches Strategic Review and Capital Raise
6:46pm on Sunday 1st of June, 2025 AEST
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Technology
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Bluechiip Limited Faces Cash Crunch, Launches Strategic Review and Capital Raise
6:46pm on Sunday 1st of June, 2025 AEST
Key Points
Net operating cash outflow of $221,000 in the December 2024 quarter
Cash and cash equivalents reduced to $121,000 at quarter-end
Company commenced strategic review exploring partnerships, investments, or sale
Shareholders approved capital raising capacity refresh and convertible notes issuance
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