The latest announcement is out from Propell Holdings Ltd. ( (AU:PHL) ).
Propell Holdings Limited has extended its Convertible Note Deed maturity date from February 28, 2025, to May 15, 2025, as part of its strategy to complete its delisting process and explore alternative financing arrangements. This extension provides Propell with additional time to secure refinancing options necessary for repaying the amounts owed under the Convertible Note Deed, with potential implications for its operational flexibility and market positioning.
More about Propell Holdings Ltd.
Propell Holdings Limited is an Australian company that offers an all-in-one finance platform specifically designed for small and medium enterprises (SMEs). The platform provides faster, easier, and simpler lending solutions through a digital-first approach, aiming to revolutionize how SMEs manage their finances. Propell’s services include lending, payments, and cashflow forecasting tools, leveraging customer data with an AI-based engine to deliver these products digitally.
YTD Price Performance: -45.00%
Average Trading Volume: 359,574
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.06M
Learn more about PHL stock on TipRanks’ Stock Analysis page.