• Beonic secures additional $440k in convertible note subscriptions, bringing the total raised to $4.18m
• Funds to be used to accelerate product roadmap, repay existing debt, and advance North African Airport Project
• Thorney Group and Beonic Directors to subscribe for $2.73m of the convertible notes

Beonic Ltd (ASX: BEO) is pleased to announce it has secured an additional $440k in subscriptions for convertible notes, bringing the total raised to $4.18m. This is in addition to the $3.74m subscriptions announced on 12 August 2025. The funds raised will be strategically deployed to accelerate the Company's product roadmap and innovation initiatives, repay existing indebtedness maturing in January 2026, and accelerate the North African Airport Project. The convertible notes have a face value of $1.00, accrue interest at 10% per annum, and are convertible at $0.24 per share. Each note also comes with two free attaching options exercisable at $0.30 on or before three years from the date of issue. Beonic's largest shareholder, Thorney Group and associated entities, has agreed to subscribe for $2m worth of convertible notes, along with $730k subscriptions from Beonic Directors. The issue of convertible notes and attaching options to these parties will be subject to shareholder approval.