Invion Raises About AU$800,000 via Convertible Notes Issue; Shares Rise 5%
MT Newswires Live
Oct 10
Invion (ASX:IVX) raised AU$782,254 through the issue of convertible notes, with an AU$11 face value, to funds and sophisticated investors, according to a Friday filing with the Australian bourse.
The notes will be converted into shares at a price of AU$0.11 or the greater of AU$0.07 or 80% of the 15-day volume-weighted average price as of Feb. 28, 2026, the filing said.
The notes will mature on either the date on which the agreement is signed or on Feb. 28, 2026, the filing added.
Shares of the company rose 5% in recent Friday trade.
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