Australia's Eden Innovations hits over 2-month high on securing funds to repay debt

Eden Innovations

12/01/2026 02:06

** Shares of Eden Innovations EDE.AX rise as much as 18.2% to A$0.078, their highest level since October 27

** Concrete and plastic additives maker secures A$2.2 million ($1.47 million) convertible note from 7 Enterprises

** Says funds to be used to repaying the remaining iBorrow debt of A$2.7 million and remove ongoing debt servicing costs

** Stock jumped 77.7% in 2025

($1 = 1.4930 Australian dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))