Allegra Orthopaedics Limited announced that it will receive AUD 2 million in a round of funding on April 28, 2021. The transaction will include participation from returning investor Robinwood Investment Pty Limited. The loan amount can be drawn down in tranches of AUD 300,000 as required over the term of 24 months. The interest rate of the loan is 13% per annum on all cumulative amounts drawn down with interest paid monthly in arrears. The loan can be converted into common shares of the company. The conversion price would be a 10% discount to the 90 days volume weighted average price at time of conversion.