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HitIQ Limited ( (AU:HIQ) ) just unveiled an announcement.
HITIQ Limited announced that its largest shareholder, Harmil Angel Investments, intends to convert $1.6 million of convertible notes into ordinary shares, with a premium conversion price set above the initial discount. This conversion will require regulatory compliance and the issuance of an Independent Expert’s Report. Additionally, the company has revised its Corporate Advisory Mandate with Henslow Pty Ltd to attract US-based investors, and intends to settle debts with external service providers by issuing new shares, maintaining focus on operational capital prioritization.
More about HitIQ Limited
HITIQ is a company specializing in brain care solutions through cutting-edge technologies. Their products include a sensor-enabled mouthguard and AI-driven data analytics interface, alongside advanced concussion management software. The company serves professional and amateur sports players, clinicians, and organizations globally, with clients such as the AFL, EPL, and NRL, as well as universities and research groups.
YTD Price Performance: -4.00%
Average Trading Volume: 397,980
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$16.7M
See more data about HIQ stock on TipRanks’ Stock Analysis page.
