New Zealand Coastal Seafoods secures $55,000 convertible note investment

New Zealand Coastal Seafoods Limited (NZS) announced on December 1, 2025, that it has secured a $55,000 investment through a convertible note subscription from a professional and sophisticated investor. The funds are intended to strengthen the company's financial position and expedite its strategic initiatives by providing additional working capital for ongoing operations.

The convertible notes have a face value of $1 per note, with a conversion price of $0.015 per share, subject to shareholder approval. Key terms include an interest rate of 12% per annum if the notes are not converted, a maturity date 12 months from the issue date, and the notes are unsecured.

The issue will utilize the company's placement capacity under ASX Listing Rule 7.1A, leaving 21,338,372 fully paid ordinary shares available for future issue under the same rule. Directors plan to convene a shareholders' meeting to seek approval for the conversion of these convertible notes into shares.