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How Will Spenda’s $3.5M Convertible Loan Shape Its Growth Path?
2:33pm on Tuesday 19th of August, 2025 AEST
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How Will Spenda’s $3.5M Convertible Loan Shape Its Growth Path?
2:33pm on Tuesday 19th of August, 2025 AEST
Key Points
Convertible loan facility totaling $3.5 million with staged drawdowns
Conversion terms include a 10% discount and price caps between $0.003 and $0.015
Facility secured by a general charge, subordinated to Capricorn
No interest charged on the loan with a two-year maturity
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