FINEXIA FINANCIAL GROUP LIMITED Finexia Financial Group Limited announced a private placement of 400 convertible notes at a price of AUD 25,000 per note for gross proceeds of AUD 10,000,000 on October 12, 2022. The notes will carry an interest rate of 6% per annum paid quarterly. The notes will be convertible into shares of the company at a fixed conversion price of AUD 0.45 per share and will be redeemable after 36 months.
The notes will mature after 36 months. The convertible notes is subject to shareholder approval at the Company's Annual General Meeting in November 2022.
