OpenLearning Converts Debt to Equity
OpenLearning Ltd. (AU:OLL) has released an update.
OpenLearning Limited has issued over 155 million new shares in exchange for debt conversion with the Education Centre of Australia, following shareholder approval. This strategic move, part of the company’s capital management plan, was conducted without the need for a disclosure to investors and adheres to the necessary regulatory compliance as per the Corporations Act. OpenLearning continues to be a leading AI-powered lifelong learning SaaS platform, with a growing global presence in the online education market.
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