Latest Restructuring News

49 Metals has elevated CEO Phil Carter to Managing Director while shifting Executive Director Oliver Kreuzer into a non-executive and consulting role. The restructure comes with A$265,000 in base pay for Carter and 5 million options exercisable at 25¢ and 30¢.

WasteCo is asking eligible New Zealand shareholders for up to NZ$750,000 in fresh equity as it tackles NZ$40.1 million of debt, a FY2026 loss and an aggressive operational reset. The non-underwritten plan follows a separate placement and is priced at NZ$0.007 per share.

GrainCorp says its transformation program is on track to deliver $12 million in run-rate benefits by the end of FY26, above the top of its previous commitment. But the company has delayed a major systems rollout, expects $30-35 million of FY27 completion spend and deferred a second release.

ASX has granted Hammer Metals waivers allowing it to cancel 29.5 million options and restructure its capital for the proposed Austral Resources deal and Western Australian gold demerger. The transaction still depends on the scheme becoming effective, while the demerger requires shareholder approval.

Activeport says revenue across Software, Network and Services is tracking above FY26 average levels in the opening quarter, while a completed restructure has cut annualised costs by $2 million. Underlying quarterly cash consumption is also reported to be 34% lower, although the company has not disclosed absolute revenue or cash figures.

Lithium Plus Minerals has significantly upgraded its Lei Lithium Project resource and secured a 20-year mining lease, positioning the company for near-term development and commercialisation.

InFocus Group Holdings has secured $450,000 in a placement to fund the commercialisation of its AI-driven Codexa sweepstakes casino platform, targeting the US market with new compliance technology and patent applications.

WasteCo Group is raising $2 million through a share placement at $0.007 per share to finance a comprehensive turnaround and expansion plan amid ongoing financial challenges and a leadership overhaul.

Winton Land has named Michael Stiassny as its new independent chair, stepping into a leadership role during a period of significant board and executive change. The company is actively recruiting additional independent directors and senior executives to stabilise governance and operations.

WasteCo Group has initiated a $2 million share placement at $0.007 per share to fund its ambitious turnaround and growth strategy amid a FY 2026 loss. A Share Purchase Plan will follow, offering existing investors a chance to participate on the same terms.

Strickland Metals is reshaping its leadership team with key departures and appointments as it shifts focus from exploration to development at its Rogozna Project in Serbia.

Australian Unity Limited (ASX:AYU) posted a statutory loss of $155.2 million for FY2026, reflecting regulatory headwinds, transformation costs, and sector disruptions, while advancing its climate risk management and strategic portfolio adjustments.