HALO Technologies Targets A$6.75 Million Convertible Notes to Fuel Adviser and APAC Growth
HALO Technologies launches a convertible notes offer aiming to raise up to A$6.75 million, backing platform upgrades and expansion across Asia-Pacific and adviser networks.
- Convertible notes offer up to A$6.75 million
- 12.5% annual interest over 3-year term
- Funds to accelerate platform and product development
- Focus on adviser adoption and Asia-Pacific expansion
- Non-underwritten offer to sophisticated investors
Convertible Notes Raise to Support Strategic Pivot
HALO Technologies Holdings Limited (ASX:HAL) is seeking to bolster its growth trajectory with a convertible notes offer targeting A$5 million, with oversubscription capacity up to A$6.75 million. The unquoted Redeemable Convertible Notes come with a three-year term and an attractive 12.5% annual interest rate, payable quarterly in arrears.
The capital injection is earmarked for a range of growth initiatives, including platform enhancements, product development, adviser adoption, and expansion into Asia-Pacific markets. HALO’s CEO Peter Oxlade emphasised the company’s positioning at the nexus of wealth management and fintech, aiming to empower advisers and investors with integrated tools amid an evolving investment landscape.
Offer Details and Lead Manager Role
The Notes will be issued at A$1.00 each, with a minimum investment threshold of A$20,000, targeting sophisticated and professional investors under the Corporations Act exemptions. The offer is non-underwritten and managed by IPW Wholesale Pty Ltd, a firm linked to Executive Director Matthew Roberts. The lead manager will receive an 11% cash fee on funds raised but will not be issued securities.
This funding round falls within HALO’s existing 15% placement capacity under ASX Listing Rule 7.1, allowing the company to raise capital without shareholder approval. The offer opened on 2 July 2026 and is set to remain open for six months, subject to board discretion.
Capital-Light Model and Growth Focus
HALO has recently undergone a strategic transformation to become a more capital-efficient and scalable wealth technology platform. It integrates global equities research, portfolio management, and trade execution within a single ecosystem tailored for advisers, investors, and institutions.
Following a previous pivot away from its UK operations, HALO is concentrating on expanding its recurring revenue base through adviser adoption and institutional partnerships, as well as extending its footprint in Asia-Pacific. This aligns with broader industry trends favouring digital-first, scalable investment solutions.
Conversion Terms and Future Implications
The Notes carry a conversion price of A$0.155 per new share, potentially diluting existing shareholders if converted. While the convertible notes provide a flexible funding mechanism, the lack of security backing means investors will be relying on HALO’s operational execution to deliver returns.
HALO’s growth ambitions rest on successfully increasing adviser uptake and leveraging strategic partnerships, with the convertible notes serving as a bridge to this next phase. The company’s ability to execute on these fronts will be critical to justify the cost of capital implied by the 12.5% interest and to sustain shareholder value in a competitive WealthTech sector.
Bottom Line?
HALO’s convertible notes offer injects growth capital but raises questions about execution risks and future equity dilution.
Questions in the middle?
- How quickly will adviser adoption accelerate with the new funding?
- What impact will the convertible notes have on HALO’s share structure if converted?
- Can HALO sustain growth amid competitive pressures in Asia-Pacific WealthTech?
