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Way 2 Vat Ltd (ASX:W2V)

ALERT: Price-sensitive ASX Announcement for W2V
Current share price for W2V : $0.047 -0.006 (-11.32%)+
Announcement
Release
17 Aug 2026 8:43AM
Price at Release
$0.053
Full Release
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Summary
Way2VAT Ltd, a global fintech company specializing in automated VAT claim and return solutions, has announced an extension of its existing secured loan with Bank Hapoalim. The $1,293,000 loan, originally due on August 30, 2026, will now mature on August 30, 2027. The loan, which bears interest at the Israeli Prime Rate plus 4.50%, is secured by a percentage of Way2VAT's receivables from tax authorities and is reviewed annually. This extension is separate from a previously announced A$2.297 million three-year secured loan. Way2VAT, headquartered in Tel Aviv, operates globally with proprietary AI technology, serving hundreds of enterprise businesses.
Key Points
  • Way2VAT extends $1.293 million loan with Bank Hapoalim by 12 months.
  • Loan maturity moved from August 30, 2026, to August 30, 2027.
  • Loan interest is Israeli Prime Rate + 4.50%.
  • Loan secured against receivables from tax authorities.
  • Extension is separate from an A$2.297 million loan announced earlier.
  • Way2VAT serves global enterprises with AI-driven VAT solutions.
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.