• Raised additional $4.27M through convertible notes
• Funds to accelerate product roadmap, repay debt, and advance North African Airport Project
• Convertible notes to be issued to Thorney Group and directors/associates, subject to shareholder approval

Beonic Ltd (ASX: BEO) has announced the receipt of additional commitments to bring the total amount raised to $4.27 million, through the issue of convertible notes as announced on 12 August and 21 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 terms of the Convertible Notes remain unchanged from those announced on 21 August 2025, with a face value of $1 and a conversion price of $0.24. Attaching options will also be issued upfront with the Convertible Notes, on the basis of one Attaching Option for every two Shares that may be issued via the conversion of the Convertible Notes. Of the total 4,270,000 Convertible Notes and 8,895,828 Attaching Options, 2,000,000 Convertible Notes and 4,166,666 Attaching Options are to be issued to Thorney Group and associated entities, subject to shareholder approval. Additionally, 730,000 Convertible Notes and 1,520,832 Attaching Options are to be issued to Directors and their associates, also subject to shareholder approval. The remaining 1,540,000 Convertible Notes and 3,208,330 Attaching Options will be issued out of existing capacity under ASX Listing Rule 7.1. The Company expects approval of the Thorney and Related Party Notes issues to be sought at the 2025 Annual General Meeting, which is expected to occur on 18 November 2025.