EonX Technologies Revises Loan Facility Terms

EonX Technologies Inc. has modified its secured loan facility with CEO Andrew Kallen. The loan reverts to a standard draw-down structure, eliminating the redraw and credit-balance interest features. This reflects the company's move to positive cash flow. The original repayment terms will continue with interest paid at the contractual rate. A credit-balance interest rate of 4% had benefited the company, earning AUD $113,495. The loan of AUD $7.3 million aims to refinance prior debts and support expansion. It can be converted into company shares at CAD $0.10 each. The maturity date is now extended to January 6, 2028.