Announcement Rating: Moderate to Strong Positive
SUMMARY
• Sale Value: $2M to Grapple, unlocking $2.3M in first-loss capital and $4.3M in working capital.
• Risk Reduction: Exits invoice finance, eliminating credit risk and focusing on SaaS & payments.
• Cost Savings: Cuts $600K in annual expenses, but loses $50K/month in gross profit.
• Referral Agreement: Earns commission on new customers referred to Grapple.
• Exit Fee: Pays $170K to terminate lending facility early
. • Stock Impact: Strengthens balance sheet & liquidity, supporting long-term growth
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.99M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55554 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 55555 | 1 |
View Market Depth
| Last trade - 07.32am 25/06/2025 (20 minute delay) ? |
| SPX (ASX) Chart |
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