The Calmer Co. closes 2nd tranche of $700k Convertible Note
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Announcement summary
The Calmer Co. closes 2nd tranche of $700k Convertible Note
Highlights
Total Raise $1.4 million via secured convertible notes
Tranche 1: $700,000 (secured), issued under the Company's existing Listing Rule 7.1 issue capacity
Tranche 2: $700,000 (commitments received, funds to be received by 22nd December)
Use of Funds: to support wholesale inventory build and for general working capital
Strong investor participation: Notes have been subscribed by many of the Company's top 10 shareholders, reflecting confidence and alignment with the Company's strategic direction.
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