The Calmer Co International (ASX: CCO) has closed the second tranche of its previously announced secured convertible note raise, completing the planned $1.4 million funding round.
The company received commitments totalling $700,000 for Tranche 2, following the $700,000 first tranche, with settlement and allotment scheduled for 22 December 2025.
The capital raising provides additional funding to support inventory build for the company’s expanding wholesale business and general working capital requirements.
Completion of the raise positions the company to maintain revenue growth momentum while executing strategic priorities across domestic and international markets.
Convertible Note Structure
The $1.4m raise was completed through secured convertible notes subscribed to by a number of the company’s top ten shareholders.
The strong participation from existing shareholders reflects alignment with the company’s strategic direction and funding approach.
Each note has a face value of $1.00 and carries an interest rate of 10% per annum until 31 July 2026, increasing to 18% thereafter if not converted.
The conversion price is set at $0.003 per share, with conversion subject to a volume weighted average price of at least $0.004 over the 15 trading days prior to maturity.
Maturity is scheduled for 31 July 2026, or 31 December 2026 if the conversion trigger is not satisfied by the initial date.
If the conversion trigger is not met by the final maturity date, the notes will be repaid in cash together with accrued but unpaid interest.
Expanding Distribution Footprint
The company will direct the funds raised across both tranches toward wholesale inventory build to support its expanding distribution footprint.
Additional proceeds will go toward general working capital requirements as the business scales.
Chief executive officer and founder Zane Yoshida said the strong investor support reflects confidence in the company’s strategy and execution.
“This funding will allow us to meet rising demand, build inventory for wholesale growth, and continue progressing toward profitability,” he said.
