Integrated Media Technology Ltd (IMTE) has announced the issuance of $555,555.55 in convertible promissory notes, a strategic move aimed at enhancing its working capital. The issuance reflects the company's ongoing efforts to secure flexible financing options, which are increasingly common in the Household Audio & Video Equipment industry.

The notes were issued on November 11, 2026, to two investment entities: C/M Capital Master Fund, LP and WVP Emerging Manager Onshore Fund, LLC - C/M Capital Series. The aggregate original issue discount of 10% means that the total purchase price received by the company was $500,000, with net proceeds of $490,000 after legal fees.

According to the filing, the notes bear interest at a rate of 5% per annum and are set to mature on August 10, 2027. Importantly, the holders of the notes have the right to convert the principal amount into ordinary shares of Integrated Media Technology at a conversion price of $1.00 per share. However, there is a limitation on conversion that prevents any holder from owning more than 4.99% of the company's equity after conversion, unless certain conditions are met.

This issuance comes at a time when companies in the audio and video equipment sector are exploring various financing avenues to support their operations and growth. The convertible nature of these notes may provide the company with a flexible funding mechanism while also potentially diluting existing shareholders if the notes are converted into equity.

Integrated Media Technology, incorporated in Australia, operates within the Household Audio & Video Equipment industry, as classified under SIC 3651. The company is listed on the Nasdaq under the ticker IMTE.

With this latest filing, Integrated Media Technology continues to navigate its financial landscape, leveraging convertible debt to bolster its capital structure. As the company moves forward, it will be essential to monitor how the issuance of these notes impacts its financial health and shareholder dynamics.

Details regarding future actions or further filings related to this issuance were not disclosed in the filing.