Abaxx Technologies is offering C$20,000,000 in convertible debentures to raise capital.

From GlobeNewswire: 2025-03-17 16:34:30

Abaxx Technologies Inc. is proposing a non-brokered private placement to raise up to C$20,000,000 through the issuance of secured convertible debentures due in 36 months. Each debenture can be converted into common shares at a price of C$13 per share. The offering is expected to close around March 25, 2025, pending final documentation and regulatory approvals. The net proceeds will be used for general corporate and working capital purposes. The securities offered are not registered under U.S. securities laws and cannot be sold to U.S. persons.

Abaxx Technologies is focused on building Smarter Markets with advanced financial technology and market infrastructure. As the majority owner of Abaxx Exchange and Abaxx Clearing in Singapore, they aim to provide better price discovery and risk management tools for commodities essential to the transition to a lower-carbon economy. For more information, visit abaxx.tech, abaxx.exchange, and smartermarkets.media. Contact CFO Steve Fray at +1 647-490-1590 for further details.



Read more at GlobeNewswire: Abaxx Announces C$20,000,000 Convertible Debenture Offering