Advanced Braking Technology Limited (ASX: ABV) has reported that its convertible note debt was reduced by $1.45 million. ABV has received conversion notices to convert debt worth $1.45 million to approx. 72.54 million shares.
- These notices were in addition to the conversion of $29k convertible notes.
- After conversion notices, the convertible note liability is reduced to ~$152k.
- ABT believes that it is well positioned to implement its growth strategy.
By 1:35 PM AEST, ABV was trading at $0.027, up by 8% relative to the previous close.