XPON Technologies Group Ltd (ASX:XPN) Announces Convertible Note Amendments
Convertible Note Deed Amendment
XPON Technologies Group Ltd (ASX:XPN) has announced an extension and variation to its Convertible Note Deed, which was initially disclosed on 26 February 2024. The Noteholders have agreed to significant amendments to the terms of the note.
Key Amendments
The amendments include an extension of the Maturity Date by an additional six months, now set for 26 August 2025. The interest payable on the notes has also been adjusted, with a rate of 15% per annum until the new Maturity Date. From that point, the rate will increase to 20% per annum.
Executive Comments
The announcement was authorised for release by the Board of XPON Technologies Group Limited. The company continues to strengthen its financial strategy and enhance investor relations through these modifications to its Convertible Note Deed.
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