From the last Q ReportCorporate: During the quarter the Company...

From the last Q Report

Corporate:
 During the quarter the Company progressed the previously announced $60m funding package. On 15 March 2024 arestructure to the funding package was announced, including:
 Increase in the convertible note facility from $9M to $15M (subject to shareholder approval).
 Termination of the $36 million equity funding agreements with Mingjin and Southeast Mingqing by mutualagreement.
 An agreement with Sundy Service Group Co. Ltd (“Sundy”) for the issue of ~133.3m fully paid ordinary sharesat $0.225 per share for $30M, subject to a voluntary escrow until 30 September 2027. This proposed equity issueis subject to Chinese and Australian regulatory approvals and Black Cat shareholder approval (as supported byan Independent Expert’s Report) on or by 15 August 2024.
 The $15m secured debt facility was also terminated by mutual agreement and Black Cat is engaging local debtproviders to obtain a similar facility. On 18 March 2024 Black Cat announced the appointment of new Chief Financial Officer, Nick Dwyer.
 Cash as of 31 March 2024 was ~$5.1M

Its a bit hard to follow - perhaps you should email Nick, the new CFO, and ask. I would be happier without a China involvement, but so long as they honor the agreemnt I can live with it.