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Way 2 Vat Ltd (ASX:W2V)

ALERT: Price-sensitive ASX Announcement for W2V
Current share price for W2V : $0.070 0.005 (7.69%)+
Announcement
Release
30 Jun 2026 8:28AM
Price at Release
$0.065
Full Release
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Summary
Way2VAT Ltd announced a restructured debt facility with Bank Hapoalim, increasing its total debt capacity to AUD $4.876 million, up from AUD $3.926 million at the end of March 2026. This includes a new secured loan of approximately AUD $2.297 million, with a three-year maturity ending on June 30, 2029. The loan will be repaid in 36 monthly installments at an interest rate of the Israeli Prime Rate plus 5.00%, equating to a current rate of 10.25%. The restructured facility also includes the repayment of two short-term loans totaling AUD $1.38 million. These changes are expected to extend Way2VAT’s operational runway and support further client acquisition as the company nears breakeven. The announcement highlights Way2VAT's growth in revenues and its significant accounts receivable balance, which facilitated this financial restructuring.
Key Points
  • Way2VAT restructures debt facility with Bank Hapoalim.
  • Total debt facility increased to AUD $4.876 million.
  • New secured loan of AUD $2.297 million with a 3-year maturity.
  • Loan repayable in 36 monthly installments at 10.25% interest.
  • Repayment of two short-term loans totaling AUD $1.38 million.
  • Facility supports operational growth and client acquisition.
  • Company approaches breakeven with increased revenue growth.
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.