Funding Strategy Update

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Stock Universal Biosensors Inc (UBI.ASX)
Release Time 18 Aug 2025, 9:46 a.m.
Price Sensitive Yes
 Universal Biosensors Provides Funding Strategy Update
Key Points
  • No binding commitment from Viburnum Funds for proposed secured loan facility
  • Completion of funding structure conditions not met at this stage
  • Viburnum agrees to extend due diligence period by one week
Full Summary

Universal Biosensors, Inc. (ASX: UBI) has provided an update regarding its funding strategy and the non-binding term sheet announced on 2 July 2025 with its substantial securityholder, Viburnum Funds Pty Ltd (Viburnum), in respect of a proposed secured loan facility. The company states that at this stage, no binding commitment has been made by Viburnum in relation to the proposed funding structures, and the completion of the conditions of the funding structures have not been met. To facilitate the ongoing discussions, Viburnum has agreed to extend the due diligence period under the non-binding term sheet previously announced by one week to Friday, 22 August 2025. The company will provide a further market update, including a revised indicative timetable, once the terms of the revised funding transaction have been finalised with Viburnum.