CONNEQT Health (ASX: CQT) has received an AU$2 million convertible note facility from investment platform C2 Ventures, according to a Wednesday filing with the Australian bourse.

The notes carry interest at a rate of 10% per annum for a minimum interest period of six months, and expire on June 30, 2026, the filing said.

With shareholder approval, the notes can be converted to shares at a price of either AU$0.04 per share or a 10% discount to the issue price of the next qualifying capital raise, the filing added.

The proceeds will be used to fund general working capital and for corporate purposes, the filing added.

Shares of the company fell past 6% in recent Wednesday trade.