Black Cat Syndicate Limited announced that it expects to receive AUD 9 million in funding from Sundy Service Group Co. Ltd

Black Cat Syndicate Limited announced it has entered into unsecured Convertible Note Facility agreement to issue 9,000,000 Convertible Notes with a face value of AUD 1 for issue price AUD 1 per Convertible Note for a gross proceeds AUD 9,000,000 on December 27, 2023. The transaction included participation from Sundy Service Group Co Ltd. The notes bear 10% per annum and matures on March 31, 2027. The notes are convertible into fully paid ordinary shares at AUD 0.225.