Freeman Group Secures Transformative Capital with Successful Convertible Debenture Offering

Freeman Group today announced the successful closure of its previously announced convertible debenture offering, marking a significant milestone in its ongoing financial strategy. This successful capital raise is poised to provide a substantial boost to the company's operational capabilities and fuel its ambitious growth initiatives.

The offering, which garnered strong interest from investors, saw Freeman issue a total of $20 million in convertible debentures.

These debentures carry an attractive annual interest rate of 6.0%, payable semi-annually, and mature in five years. A key feature of this financing is the conversion option, allowing debenture holders to convert their investment into common shares of Freeman Group at a conversion price of $1.50 per share, offering a compelling opportunity to participate in the company's future equity upside.

The proceeds from this offering are earmarked for a variety of strategic purposes, including accelerating research and development efforts, expanding market reach, enhancing existing infrastructure, and bolstering general working capital.

This infusion of capital positions Freeman Group to capitalize on emerging opportunities and consolidate its market leadership in key sectors.

A leading financial institution acted as the sole placement agent for this offering, underscoring the confidence of the broader investment community in Freeman's vision and financial health.

The diligent execution of this financing round reflects Freeman's commitment to strategic financial management and its ability to attract vital investment for long-term value creation.

It is important to note that the securities offered have not been, and will not be, registered under the U.S.

Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Freeman Group continues to innovate and deliver value across its portfolio, dedicated to sustainable growth and maintaining a strong competitive edge.

This successful debenture offering is a testament to the company's robust business model and its promising future trajectory.