MediaZest plc announced that it has raised £0.130,000 in a round of funding on August 5, 2023. The company issued unsecured convertible loan notes in the transaction. The notes have a coupon rate of 10% and a debt maturity date of August 7, 2026.

Each investor can convert the CLNs (in whole or in part) into new ordinary shares by serving written notice 14 days after each annual anniversary during the term.