Audio Pixels Secures A$1M Convertible Note Funding
Audio Pixels Holdings Limited (AU:AKP) has released an update.
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Audio Pixels Holdings Limited has issued a A$1,000,000 Convertible Note to a sophisticated investor, allowing the company to explore capital management opportunities with flexibility. The unsecured note, carrying a 12% annual interest rate, is convertible into shares at A$9.04 with a floor of A$5.00, and includes 200,000 unlisted options. This move falls within the company’s 15% placement capacity under ASX Listing Rule 7.1.
For further insights into AU:AKP stock, check out TipRanks’ Stock Analysis page.
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