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Ion Video Restructures and Raises $2.95m Ahead of Tech Relaunch
9:12am on Wednesday 14th of January, 2026 AEDT
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Technology
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Ion Video Restructures and Raises $2.95m Ahead of Tech Relaunch
9:12am on Wednesday 14th of January, 2026 AEDT
Key Points
Completed aggressive restructuring and reduced trade payables from $2.2m to under $280k
Raised $2.95 million capital, with 41% subscribed by directors and management
Technology realigned to core patents with Melbourne-based engineering team
Discontinued unprofitable customer contracts, cutting $1.3m in annual costs
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Ion Video (ASX:IOV)
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