Jayride Boosts Cash Reserves with New Convertible Notes

Jayride Group Ltd. (AU:JAY) has released an update.

Jayride Group Limited has announced the issue of the second tranche of Convertible Notes, raising $0.975 million, which follows a prior capital raise of $0.525 million. The funds will bolster the company’s cash reserves, with an additional 30,000,000 Attaching Options to be issued to note holders, which may be quoted or unquoted depending on ASX conditions. This strategic move is aimed at enhancing shareholder value and comes after obtaining necessary shareholder approval.

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