Latest Restructuring News

Identitii Limited has issued 45 million shares to partially settle an $800k loan, increasing a key shareholder's stake to 29.92%. This move reflects ongoing capital restructuring within the tech firm.

My Foodie Box Limited, soon to be Tarrina Resources Limited, is pivoting from meal kits to mineral exploration by acquiring promising gold and base metal projects and raising $5 million to fund exploration.

Identitii Limited has issued 45 million shares to partially settle an $800,000 loan, increasing a key shareholder's stake to nearly 30%. This move reshapes the company’s capital structure amid ongoing funding arrangements.

KMD Brands reported a slight revenue increase to NZD 989 million for FY25 but faced significant underlying losses, prompting a strategic reset. The company also reinforced its commitment to tackling modern slavery risks across its global supply chain.

K&S Corporation has lost its decades-long transport service contracts with InfraBuild following a competitive tender, with the transition expected before the end of FY2026. The financial impact remains unclear as the company prepares for operational changes.

Kula Gold has transferred 24 million shares held as security by Acuity Capital to a placement participant, raising $528,000 and eliminating collateral shares under its ATM facility.

Delorean Corporation has locked in a $14.5 million lower-cost loan facility with National Australia Bank to fund its SA1 Salisbury Bioenergy Project, refinancing existing debt and freeing capital for further bioenergy developments.

Washington H. Soul Pattinson and Brickworks have completed their share scheme implementations, exchanging existing shares for Topco shares and marking a key step in their corporate combination. Brickworks will delist from the ASX, while Topco shares begin normal trading.

Cyclone Metals has restructured its management, appointing Paul Berend as CEO of the Iron Bear Project while the Board temporarily oversees corporate functions during the search for a new CEO.

Myer Group posted modest sales growth in FY25, buoyed by the Apparel Brands acquisition, but faced profitability challenges from operational disruptions and macroeconomic pressures. The Group is advancing its omni-channel strategy and cost management initiatives while addressing National Distribution Centre issues.

Noxopharm Limited has secured an extension on $2.6 million of convertible notes and obtained a $1.25 million unsecured loan to bolster working capital, pending shareholder approval.

Washington H. Soul Pattinson and Company Limited (SOL) has completed the allotment of shares under its and Brickworks’ share schemes, issuing over 433 million Topco shares to shareholders. This marks a significant milestone in the companies’ corporate restructuring.