BUZZ-Australia's Eden Innovations hits over 2-month high on securing funds to repay debt

Reuters
Jan 12
BUZZ-Australia's <a href="https://laohu8.com/S/EDE.AU">Eden Innovations</a> hits over 2-month high on securing funds to repay debt

** Shares of Eden Innovations EDE.AX rise as much as 18.2% to A$0.078, their highest level since October 27

** Concrete and plastic additives maker secures A$2.2 million ($1.47 million) convertible note from 7 Enterprises

** Says funds to be used to repaying the remaining iBorrow debt of A$2.7 million and remove ongoing debt servicing costs

** Stock jumped 77.7% in 2025

($1 = 1.4930 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10