AVA Risk Group Limited (ASX: AVA) (“AVA” or the “Company”) is pleased to announce that it has entered into
binding agreements with Hale Capital for a strategic investment of up to A$7.0 million via a Convertible Loan Note
and up to A$5.6 million via associated Warrants (the “Transaction”).
The Transaction provides AVA with growth capital and a highly aligned strategic partner to support the Company’s
U.S. expansion strategy, AVA’s largest and most attractive addressable market.
HIGHLIGHTS
- Maximum funding: AVA has secured, subject to obtaining shareholder approval, a maximum funding of A$7m
and A$5.6m respectively pursuant to a secured 4 to 5-year unlisted convertible note financing facility and
warrant deed entered into with US-based investment manager, Hale Capital Management and its affiliates
(Hale). - Convertible Note: conversion price of A$0.1234 per ordinary share. The conversion price is a 81% premium to
AVA’s last closing share price on 30 December 2025. - Warrants: Subject to shareholder approval, AVA proposes to issue 5-year unlisted warrants to raise up to
A$5.6m (if exercised). Exercise price of A$0.1234 is a 81% premium to AVA’s last closing share price on 30
December 2025. - Board Appointment: Hale intends to nominate an experienced industry executive to join AVA’s Board of
Directors, expected to occur in early 2026.
Read full announcement here.