Conversion of Shares and Issue of Equity

Summary by AI BETAClose X

Asia Strategic converted $3,105,000 of zero‑coupon convertible notes at the floor conversion price of US$11.53 per share into 269,297 new ordinary shares, increasing issued share capital to 3,291,217 shares and representing 8.18% of the enlarged share capital (an 8.9% increase versus pre-conversion); the conversion reduces convertible debt by $3,105,000, the Conversion Shares rank pari passu with existing shares, and admission to trading is expected on or around 11 November 2026.

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