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Vonex Unveils $13.9M Entitlement Offer as CEO Prepares to Exit
5:40pm on Sunday 1st of June, 2025 AEST
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Telecommunications
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Vonex Unveils $13.9M Entitlement Offer as CEO Prepares to Exit
5:40pm on Sunday 1st of June, 2025 AEST
Key Points
1-for-1 entitlement offer at $0.037 per share to raise approximately $13.9 million
Funds primarily allocated to repay $13 million of existing $23 million debt facility
Maxo Telecommunications commits up to $13 million, underwriting the offer
CEO Ian Porter to leave Vonex on 27 February 2025 amid transition
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