Operating Runway Extended

ION Video Limited (ASX: IOV) has provided an update on its operating runway and capital structure following the redemption and conversion of all remaining convertible notes and the exercise of various share options.

A total of $612,498 has been raised through the exercise of options issued in 2023 and expiring in June and July 2026, of which ION Board and management contributed $170,367, further aligning their interests with those of shareholders. With these funds, further cost control initiatives, and anticipated R&D Tax Incentive receipts in both the UK and Australia, the Company expects to have sufficient funding for its operations through to December 2027, extending its operating runway by a further six months from previous expectations.

Following the conversion of the notes and exercise of options, ION's capital structure comprises approximately 133.6 million shares on issue and 21.5 million options with various exercise prices. Board and management currently hold, in aggregate, approximately 35 percent of ION shares on a fully diluted basis.

Separately, ION representatives are currently in the United States progressing commercial discussions for potential proof of concept engagements with organisations across various sectors. The Company also recently met with representatives from the Australian Government's eSafety Commissioner and the Industry Insights and Enablement team to discuss its technology and potential applications. At this stage, no commercial terms have been agreed with any party, and these discussions remain subject to ongoing technical, commercial and legal engagement.