YY Group targets year-end repayment of remaining $1.37 million convertible note balance
YYGH•Convertible note balance to be repaid by year-end
- YY Group cancelled a planned USD 5.94 million second tranche of its convertible promissory note financing.
- Repayment deadline was set for the remaining USD 1.37 million balance on the first tranche, due by Dec. 31, 2026.
- No further interest will accrue on the outstanding balance from Aug. 20, 2026, subject to default provisions.
- All 11,284 outstanding warrants tied to the first tranche were cancelled, removing potential dilution.
- Full repayment would leave the company with no convertible debt or warrants outstanding.
