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Beonic Ltd (ASX:BEO)

ALERT: Price-sensitive ASX Announcement for BEO
Current share price for BEO : $0.074 -0.146 (-66.36%)+
Announcement
Release
25 Sep 2025 10:52AM
Price at Release
$0.220
Full Release
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Summary
Beonic Ltd announced a successful capital raise of $4.27 million through the issuance of convertible notes, aimed at funding product development, debt repayment, and the North African Airport Project. The convertible notes, with a face value of $1 and a conversion price of $0.24, are accompanied by attaching options. Key stakeholders, including Thorney Group and company directors, are set to receive substantial portions of these notes, subject to shareholder approval anticipated at the Annual General Meeting (AGM) on 18 November 2025. An independent expert’s report will be provided for shareholder consideration at the AGM.
Key Points
  • Beonic Ltd announces a capital raise of $4.27 million through convertible notes.
  • The funds will be used to accelerate product roadmap and innovation initiatives, repay debt, and advance the North African Airport Project.
  • Convertible Notes have a face value of $1 and a conversion price of $0.24.
  • Attaching options issued at a ratio of 2.083 options per Convertible Note.
  • Major portions of the Convertible Notes are to be issued to Thorney Group and company directors, pending shareholder approval.
  • Shareholder approval for certain note issues is expected at the AGM on 18 November 2025.
  • An independent expert's report is being prepared for AGM consideration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.