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OpenLearning Converts $2.12M Debt to Equity, Boosting ECA Stake to 60.7%
2:56am on Monday 2nd of June, 2025 AEST
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Technology
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OpenLearning Converts $2.12M Debt to Equity, Boosting ECA Stake to 60.7%
2:56am on Monday 2nd of June, 2025 AEST
Key Points
Debt-to-equity conversion extinguishes $2.12 million owed to ECA
Conversion price set at 1.74 cents, a 25% premium to recent VWAP
ECA’s shareholding rises from 50.74% to 60.67%
New $1 million loan facility available but not yet drawn down
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