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How XPON’s $1.575M Debt Redemption and $0.375M Capital Raise Signal Growth Ambitions
12:36am on Saturday 30th of August, 2025 AEST
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Technology
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How XPON’s $1.575M Debt Redemption and $0.375M Capital Raise Signal Growth Ambitions
12:36am on Saturday 30th of August, 2025 AEST
Key Points
Redeemed $1.575 million convertible notes maturing August 26, 2025
Raised $0.375 million via placement of 46.9 million shares at $0.008 each
Secured $420k loan facility from Harvest Lane Asset Management at 10% interest
Loan proceeds used to manage debt and improve cash flow
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