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AssetOwl Navigates Debt Restructuring and Board Renewal Amid Cash Constraints
4:04am on Monday 2nd of June, 2025 AEST
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Technology
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AssetOwl Navigates Debt Restructuring and Board Renewal Amid Cash Constraints
4:04am on Monday 2nd of June, 2025 AEST
Key Points
Debt renegotiations with entities linked to former directors Simon Trevisan and Adrian Siah
Appointment of Obi Mbakwe, ex-BlackRock VP, to the board
Cash reserves at $37,000 with net operating cash outflow of $74,000 for the quarter
Loan facility with Pacific Equity Investors Inc extended to $700,000, with $305,000 available
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