Componenta Corporation announced that it has entered into a securities purchase agreement to issue convertible debentures for the gross proceeds of ?2,770,170 on May 20, 2024. The transaction will include participation from new investor, MPL. The annual interest rate on the convertible debentures to be issued is 4%.

As a part of the transaction, the company shall pay a commitment fee of 2 per cent (2%) based on the aggregate value of the Financing Arrangement and a fixed facilitation fee of ?41,552.55. The company may at any time redeem convertible debentures from MPL, by paying the principal amount and any accrued interest of such convertible debentures to MPL.