
April 25, 2024
Hydration solutions company The Hydration Pharmaceuticals Company Limited (ASX: HPC) (Hydralyte North America or the Company) refers to its announcement dated 27 March 2024 (“27 March 2024 Announcement”) where the Company advised that it had signed a variation to its facility agreement with boutique asset manager and existing substantial shareholder PURE Asset Management Pty Ltd as trustee for The Income and Growth Fund (“PURE” or “PURE Asset Management”) (“Original PURE Facility”).
All capitalised terms in this announcement have the same meaning as defined in the 27 March 2024 Announcement.
Under the terms of the variation (“Amended PURE Facility”), Hydralyte secured A$1.7m in new funding and two additional tranches, valued at A$1.5m each, which can be accessed at the discretion of PURE. A condition precedent to the Amended PURE Facility becoming effective (and thus access to the additional funding under the Amended PURE Facility becoming available), was the requirement of a waiver of Listing Rule 10.1 in order to vary the Original PURE Facility.
Hydralyte is pleased to advise that on 24 April 2024 ASX granted a waiver of Listing Rule 10.1 to allow the Company to amend the Original PURE Facility without shareholder approval in accordance with the terms of the Amended PURE Facility, and to secure its obligations under the Amended PURE Facility.
Click here for the full ASX Release
This article includes content from The Hydration Pharmaceuticals Company Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
HPC:AU
The Conversation (0)
30 May 2024
Hydralyte International
Leveraging a Rapidly Expanding Hydration Market in North America
28 February
FY24 Appendix 4E
Hydralyte International (HPC:AU) has announced FY24 Appendix 4EDownload the PDF here. Keep Reading...
31 January
Q4 FY24 Quarterly Activities Report (App 4C)
Hydralyte International (HPC:AU) has announced Q4 FY24 Quarterly Activities Report (App 4C)Download the PDF here. Keep Reading...
28 November 2024
US Operations Update
Hydralyte International (HPC:AU) has announced US Operations UpdateDownload the PDF here. Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00