Latest Capital Structure News

Wellard Limited has disclosed the binding sale of its last livestock vessel, the M/V Ocean Drover, for US$50 million, with plans to return the net proceeds to shareholders pending approval.

Strike Energy announces the resignation of CEO Stuart Nicholls, appointing Jill Hoffmann as Acting CEO while initiating a strategic review to unlock shareholder value.

Vonex Limited has terminated its proposed scheme with Maxo Telecommunications amid shareholder opposition, while MaxoTel’s 4.4c cash offer will close on January 28, 2025. The Vonex Board recommends shareholders accept MaxoTel’s offer and reject Swoop Telecommunications’ conditional scrip bid.

5E Advanced Materials has entered a pivotal Restructuring Support Agreement with its primary lenders to equitize $63.5 million in convertible notes and secure up to $30 million in funding. The transaction, subject to shareholder approval, aims to strengthen the balance sheet and advance the company toward its Final Investment Decision.

Latitude Group Holdings Limited has revised its distribution on Capital Notes from AUD 1.6136 to AUD 2.3052, reflecting a shift to a 0% franked component and the introduction of conduit foreign income.

5E Advanced Materials has announced a $30 million funding package alongside a significant restructuring of its convertible notes, aiming to strengthen its balance sheet and advance toward a Final Investment Decision.

Cardno Limited has requested an immediate suspension from ASX quotation to facilitate its removal from the official ASX list, marking a significant step in its delisting process.

DomaCom Limited has announced a $1.5 million placement to Lumiere Lifestyle Group, alongside the launch of three innovative funds targeting care and disability accommodation sectors, reinforcing its growth strategy and financial position.

New Zealand Coastal Seafoods has detailed the terms of its recent $270,000 convertible note subscription following an ASX inquiry, confirming lender identities, conversion pricing, and compliance with disclosure rules.

Way2VAT has locked in A$1.3 million through convertible notes aimed at bolstering working capital and accelerating client expansion, pending shareholder approval for conversion.

Bain Capital has increased its non-binding offer for Insignia Financial to A$4.30 per share, matching a competing bid from CC Capital Partners and signaling intensified acquisition interest.

Minerals 260 Limited has voluntarily suspended trading of its shares as it prepares to announce a significant acquisition, signaling a pivotal moment for the mining company.