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NEXION Raises $90K via Convertible Notes Amid Strategic Uncertainty

1:01pm on Friday 12th of September, 2025 AEST Technology
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NEXION Raises $90K via Convertible Notes Amid Strategic Uncertainty

1:01pm on Friday 12th of September, 2025 AEST
Key Points
  • Issued 900,000 unsecured convertible notes at $0.10 each
  • Total convertible notes on issue now 17.5 million
  • Notes mature 31 May 2026 with 10% annual interest
  • Conversion to shares and options contingent on shareholder approval and transaction status
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