HITIQ (ASX:HIQ) said No Bull Health, a related party of its largest shareholder Harmil Angel Investments, intends to convert AU$1.6 million worth of convertible notes into ordinary shares at a 25% premium to the calculated price, according to a Jan. 31 filing with the Australian bourse.

The conversion, subject to regulatory approvals, will be put to a shareholder vote.

In the same filing, the company said it agreed to enter into a revised corporate advisory mandate with Henslow to focus on the introduction of US-based investors and strategic counterparties.

The company will issue 5.3 million shares to settle AU$161,807 in service provider fees, the filing added.