Integrated Media Tech Secures Convertible Note Deal

Integrated Media Technology (IMTE) has released an update.

Integrated Media Technology Limited has inked a Convertible Note Purchase Agreement with Montague Capital Pty Ltd, effectively from July 17, 2024. The deal includes a $350,000 convertible promissory note with a 24-month term and conversion price set at $1.25 per share, alongside warrants amounting to 150% of the purchase price. These financial instruments are designed to bolster Integrated Media Technology’s capital structure and provide potential equity interest to the purchaser.

For further insights into IMTE stock, check out TipRanks’ Stock Analysis page.