AJX announces debt restructuring and aims to raise AU$4 million for growth

Alexium International Group Limited (ASX: AJX) has announced a comprehensive financial restructuring, aiming to refinance its existing debt through an equity agreement and raise a minimum of AU$4 million in new equity to fuel its growth strategies. The debt-for-equity refinancing eliminates short to medium-term refinancing concerns.

The capital raise, demonstrating strong support from existing stakeholders, involves a minimum equity placement of AU$4 million to institutional and sophisticated investors at AU$0.013 per share. Additionally, a pro-rata non-renounceable entitlement offer of AU$3.5 million is proposed, fully underwritten by major shareholders. The equity will retire the current AU$7 million convertible note and provide working capital for accelerated growth opportunities. The plan includes support from directors, management, and key investors, subject to shareholder approval.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com