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How Will Spacetalk’s $4M Convertible Notes Drive Its Global Expansion?
8:40am on Friday 11th of July, 2025 AEST
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How Will Spacetalk’s $4M Convertible Notes Drive Its Global Expansion?
8:40am on Friday 11th of July, 2025 AEST
Key Points
Thorney Investment Group invests $3 million via unsecured convertible notes
Secured lender Pure Asset Management converts $1 million debt to notes
Loan repayments suspended until December 2025, maturity extended to June 2027
Convertible notes accrue 10% interest payable in shares, subject to shareholder approval
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