Would have thought we'd have a much bigger bounce on this news:-
"After considering funding requirements for the business, Carly is pleased to be able to welcome iPartners as investors in the business. The conversion terms with the conversion floor price of $0.036 show the strong support and belief iPartners have in the business. It is also highly favourable to existing shareholders and minimises the impact of dilution via the ability to convert the funding into issued shares at a share price substantially above the current traded share price of Carly"
"In addition to supporting the operational requirements of the business, the new funding will unlock access to $6 million from Facility B of the $10 million asset finance facility announced on 22 March 2023"
I mean they don't have use it all or even use it, the fact funding is off the table, a floor of 0.036 in place, plus access to the additional funding to supply more vehicles is amazing.
CL8 Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
