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How Did Openn Negotiation Secure Survival Through Recapitalisation?

7:04pm on Thursday 24th of July, 2025 AEST Technology
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How Did Openn Negotiation Secure Survival Through Recapitalisation?

7:04pm on Thursday 24th of July, 2025 AEST
Key Points
  • Voluntary administration concluded with Deed of Company Arrangement (DOCA) effectuated in January 2025
  • Recapitalisation raised $211,000 through new share issuance approved by shareholders
  • Control returned to new directors and a new company secretary appointed
  • No substantive business activities during the quarter ended 31 March 2025
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