i-Global Holdings Limited announced a private placement of 300,000 convertible notes at an issue price of AUD 1 per note for the gross proceeds of AUD 0.3 million on January 11, 2023. The transaction included participation from an individual investor from Malaysia. The bonds carry 5% interest rate and will mature on 30 June 2023.

The bonds can be convertible into shares at any time prior to maturity with conversion value of AUD 0.005 per share.