What did Rua Bioscience Limited announce?
Rua Bioscience Limited (NZX: RUA) filed “Rua Bioscience approves Convertible Note Facility” with NZX on 9 August 2026, as a debt issuance announcement.
From the announcement:“Strategic alignment with growth objectives This convertible note facility is a pivotal part of Rua growth strategy, and is in particular aimed at accelerating its market penetration into the UK following the recently announced sales and distribution agreement.”
- Which company?
- Rua Bioscience Limited (NZX: RUA)
- When was it filed?
- 9 August 2026
- Where is the original?
- NZX announcement
Rua Bioscience approves Convertible Note Facility
PO Box 1387, Gisborne 4040, Aotearoa New Zealand | 0800 RUABIO | www.ruabio.com
FOR PUBLIC RELEASE
NZX Limited
Wellington
10 August 2026
Rua Bioscience approves Convertible Note Facility
The Board of Rua Bioscience have approved a convertible note facility offered to
wholesale lenders for the purchase of inventory to accelerate sales growth. As Rua
Bioscience expands globally, the requirements for working capital has increased. This
facility provides for up to a maximum of $600k additional capital for the purchase of
inventory for sales growth.
The key terms of the convertible note are:
• Interest bearing for up to 12 months.
• Unsecured.
• Converts to fully paid ordinary shares following either:
o after a 12-month period at the Company's option, or
o automatically on the occurrence of a capital raise within that 12-month
period raising more than $1.5mill.
• Converts at a rate of the lower of $0.025 per share, or the issue price available
should a capital raise occur.
If the facility is fully drawn and converted at NZ$0.025 per share, approximately 24,000,000
new ordinary shares would be issued (excluding accrued interest).
Strategic alignment with growth objectives
This convertible note facility is a pivotal part of Rua growth strategy, and is in particular
aimed at accelerating its market penetration into the UK following the recently
announced sales and distribution agreement.
ENDS
Paul Naske
Chief Executive Officer
paul.naske@ruabio.com
+64 21 445154
CORPORATE ACTION
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.