XPON Technologies Group Limited announced a private placement of 45,000,000 convertible notes at a price of AUD 0.025 per convertible note for gross proceeds of AUD 1,125,000 on February 26, 2024. The company will also issue 22,500,000 warrants. The notes carry an interest rate of 15% per annum.

The notes will mature in 12 months with the ability to extend by a further 6 months at the noteholder?s discretion.