Peppermint Innovation’s Convertible Notes Bolster Financial Flexibility

Peppermint Innovation Limited (AU:PIL) has released an update.

Peppermint Innovation Limited has secured commitments up to A$3 million through a convertible securities agreement with Obsidian Global GP LLC, boosting its cash reserves by A$250,000 with the issuance of Top-up Notes. The company has already issued 37.5 million shares to Obsidian as part of this agreement, and the new notes increase the total unquoted convertible notes to 665,095, enhancing the company’s financial flexibility. This strategic move positions Peppermint Innovation for potential growth and investor interest.

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