Zip Co Ltd. (AU:ZIP) has released an update.
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Zip Co Limited has notified holders of its Senior Convertible Notes that they have until May 20, 2024, to convert their notes, with the outstanding amount being $2.1 million as of May 1, 2024. Unconverted notes will be redeemed on June 4, 2024, as part of the company’s strategy to simplify its capital structure and strengthen its balance sheet. This move reflects Zip’s ongoing efforts to enhance its financial position and provide value to its stakeholders.
For further insights into AU:ZIP stock, check out TipRanks’ Stock Analysis page.
