Invion (ASX:IVX) issued a termination notice for the share purchase agreement with Lind Global Fund II dated June 27, 2024, and will be repaying the latest tranche installment to Lind, according to a Wednesday Australian bourse filing.
The Agreement is a staged private placement in monthly installments of AU$100,000 per month, which may be raised up to AU$500,000 per month, over a 12-month period from June 2024, the filing added.
The company said it will also repay the latest installment of AU$250,000 provided by Lind at a 5% premium.
The deal termination carries no cost for the life-science firm, per the filing.
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