XPON Technologies Group Limited (ASX: $XPN) has secured commitments to raise A$1.125 million through the issue of 45,000,000 secured convertible notes. The funds will strengthen the Company's balance sheet and support general working capital.
We are pleased to have secured a convertible note raising, including interest from supportive institutional investors. Our focus remains on growing sustainably while driving towards profitability. Raising this capital strengthens our balance sheet and better positions the Company to deliver on its growth and profitability strategy.
XPON Technologies Group Limited (ASX: $XPN) has successfully raised A$1.125 million through secured convertible notes to strengthen its balance sheet and support working capital. The Company's focus on sustainable growth and profitability is reinforced by this capital raising, positioning it to deliver on its growth strategy. The issuance of free warrants to investors, subject to obtaining shareholder approval, further demonstrates the Company's commitment to its long-term objectives.