Careteq Ltd Converts Convertible Notes
Key points
- Strategic investor Antanas Guoga converts notes to shares
- Conversion price set at $0.01 per share
- Simplifies Careteq's capital structure
Full summary
Careteq Limited (ASX: CTQ), an Australian healthtech company, announced that strategic investor Antanas Guoga has converted his 355,678 unquoted convertible notes into 35,567,808 fully paid ordinary shares at a conversion price of $0.01 per share. This conversion reflects Mr Guoga's confidence in Careteq's strategic direction and growth platform. Mr Guoga, a former Member of the European Parliament and a prominent technology investor, has demonstrated continued support for Careteq. The conversion simplifies Careteq's capital structure, with no convertible notes on issue and no drawn debt facilities, positioning the company to focus on its HMR Referrals platform and broader AI-enabled healthtech offerings.
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