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How Openn Negotiation Escaped Administration and Secured Vital Shareholder Funding

12:51pm on Friday 25th of July, 2025 AEST Technology
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How Openn Negotiation Escaped Administration and Secured Vital Shareholder Funding

12:51pm on Friday 25th of July, 2025 AEST
Key Points
  • Exited voluntary administration after creditor-approved Deed of Company Arrangement
  • Recapitalisation plan executed with shareholder approval
  • Secured $75,000 interest-free loan from major shareholder ST Holding 2 Pty Ltd
  • No substantive business activities during the quarter ended 30 June 2025
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