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IncentiaPay Ltd. ( (AU:EAT) ) has issued an announcement.
Entertainment Rewards Ltd has announced significant amendments to its $22.5 million convertible loan agreement with Suzerain Investment Holdings Ltd, which includes converting debt to equity, reducing the interest rate to 0%, and extending repayment dates. These changes enhance the company’s financial flexibility and support its strategic shift towards increased revenue generation, reflecting strong backing from its major shareholder.
More about IncentiaPay Ltd.
Entertainment Rewards Ltd, operating in Australia and New Zealand, is a prominent platform in the entertainment, lifestyle, and rewards industry. It connects merchants with consumers seeking value in entertainment and lifestyle experiences. The company, founded in 1994, is known for its extensive member-only offers and manages a vast amount of entertainment-related merchant content, generating revenue through subscription fees and data-driven services.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$3.85M
Learn more about EAT stock on TipRanks’ Stock Analysis page.