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IncentiaPay Ltd. ( (AU:EAT) ) has provided an announcement.
Entertainment Rewards Ltd has announced significant amendments to its $22.5 million convertible loan agreement with Suzerain Investment Holdings Ltd, extending the conversion period of the principal amount and allowing accrued interest to be converted into equity until December 2028. These changes are expected to provide the company with greater financial flexibility and time to reach a break-even point, reinforcing the support from its largest shareholder and aiding in the execution of its revenue pivot strategy.
More about IncentiaPay Ltd.
Entertainment Rewards Ltd, through its Entertainment-branded subsidiaries, provides a marketplace for offers and rewards connecting merchants with consumers seeking entertainment, lifestyle, and leisure experiences at great value. Founded in 1994, it is a trusted source of member-only offers and deals, managing extensive entertainment-related merchant content. The company generates revenue through member subscription fees and marketplace features that offer data-as-a-service and targeted campaign value to merchants, enterprises, and fundraising partners.
Average Trading Volume: 6,062,188
Technical Sentiment Signal: Hold
Current Market Cap: A$25.63M
Learn more about EAT stock on TipRanks’ Stock Analysis page.