Success Publishing Pty Ltd announced a private placement of redeemable convertible notes for a gross proceeds of AUD 750,000 on June 7, 2022. The transaction included participation from Amalgamated Australian Investment Group Limited, and Halo Technologies Holdings Limited for AUD 375,000 each. The notes are redeemable and/or convertible in whole or in part at the election of the investors.

The notes will carry an interest of 10% p.a. and may be converted at any time before the termination date (being 36 months from the date of issue) or must be repaid to the extent they are not converted by this date. The company signed a term sheet with the investors.