Story-I Limited announced a private placement of 2 unsecured convertible notes at a price of AUD 50,000 per note for the gross proceeds of AUD 100,000 on January 2, 2024. The notes will have a coupon rate of 10% per annum. The notes will be convertible into fully paid ordinary share of the company at a conversion price of AUD 0.001.

The transaction will include participation from new investor, Indian Ocean Capital Advisor.