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How Will Openn Negotiation Navigate Recapitalisation Amid ASX Suspension?

7:03pm on Thursday 17th of July, 2025 AEST Technology
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How Will Openn Negotiation Navigate Recapitalisation Amid ASX Suspension?

7:03pm on Thursday 17th of July, 2025 AEST
Key Points
  • Voluntary administration initiated in May 2024 due to insolvency concerns
  • Deed of Company Arrangement (DOCA) approved by creditors in August 2024
  • Recapitalisation plan includes a $211,000 share issue and board changes
  • Shareholder approval sought for recapitalisation and share consolidation
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