Pantoro to Repay Convertible Loan Facility in Full; Shares Down 3%
MT Newswires Live
May 01, 2025
Pantoro (ASX:PNR) said it plans to repay the outstanding convertible loan facility, which amounts to about $6.3 million, to Nebari Partners on May 12, according to a Thursday filing with the Australian bourse.
The company will issue 4.9 million options to Nebari under the facility, with an exercise price of $1.08 and an expiry date of June 30, 2027, the filing said.
The proactive repayment reduces potential shareholder dilution by 15%, with the company avoiding roughly AU$1.5 million in interest payments over the loan's remaining term, per the filing.
Pantoro shares fell past 3% in midday trade Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.