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Scalare Partners Holdings Limited (ASX:SCP)

ALERT: Price-sensitive ASX Announcement for SCP
Current share price for SCP : $4.240 1.09 (34.60%)+
Announcement
Release
26 Aug 2026 10:36AM
Price at Release
$3.150
Full Release
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Summary
On 26 August 2026, Scalare Partners Holdings Limited announced an amendment to its Convertible Note Funding Agreement with Blackstone Mercantile Group Ltd. SAC. The amendment pertains to the second tranche of funding, originally $4,500,000, which will now be divided into three instalments of $1,500,000 each, payable on 26 August 2026, 24 September 2026, and 24 October 2026. The first instalment of $1,500,000 has already been transferred by Blackstone. Additionally, Fairfax Partners Inc agreed to receive its fee for investor relations services in three $500,000 portions from each instalment, rather than a single payment of $1,500,000.
Key Points
  • Amendment to Convertible Note Funding Agreement announced.
  • Agreement with Blackstone Mercantile Group Ltd. SAC.
  • Second tranche of $4,500,000 to be paid in three instalments.
  • Instalments payable on 26 August, 24 September, and 24 October 2026.
  • Blackstone transferred initial $1,500,000 payment.
  • Fairfax Partners Inc to be paid $500,000 from each instalment.
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.