Nexion Group Ltd announced a private placement of 7,800,000 convertible notes at a price of AUD 0.10 per share for gross proceeds of AUD 780,000 on June 18, 2024. The transaction included participation from sophisticated, wholesale, professional investors or other investors exempt from offer document disclosure by way of section 708 of the Corporations Act for AUD 730,000 and AUD 50,000 from directors. The convertible notes are unsecured, mature on May 31, 2026, and carry interest at 10% per annum.