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Butn Secures $20 Million Boost to Accelerate SME Funding Growth

9:39am on Monday 16th of June, 2025 AEST Financial Services
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Butn Secures $20 Million Boost to Accelerate SME Funding Growth

9:39am on Monday 16th of June, 2025 AEST
Key Points
  • Two-tranche $10 million institutional placement at $0.10 per share
  • Non-binding $10 million corporate credit facility term sheet with Mighty Partners
  • Placement proceeds to support working capital and growth initiatives
  • Conditional second tranche subject to shareholder approval
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