This little Aussie gem has gone from strength to strength, increasing gross sales from $2.5M only three years ago to $23.4M in FY20 (64% YOY increase) and an increase in gross profit on net sales to 22.3%.
Nexba has launched in the UK and is about to roll out a number of exciting new products featuring their patented Naturally Sugar Free Sweetener formula.
To help fund those growth plans, Nexba is raising $5 million through the issue of convertible notes. Watch the recording of the webinar below to learn more about this exclusive opportunity to participate in this round closing on Friday the 13th of November at 5pm.
- 24 month maturity
- Converting on the sooner of a qualified equity investment or the expiry of the term
- 5% coupon (payable in additional shares upon conversion)
- Converting at a discount of 15% when converting on or before September 2021
- Converting at a discount of 20% when converting after September 2021
- Converting at 3x last 12 months’ revenue if there is no qualified equity investment within 24 months