Share Purchase Agreement Termination and Tranche Repayment
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
NOTICE OF TERMINATION OF LIND SHARE PURCHASE AGREEMENT AND REPAYMENT OF LATEST
INSTALMENT TRANCHE
MELBOURNE (AUSTRALIA) 05 March 2025: Invion Limited (ASX: IVX) (“Invion” or the
“Company”) has issued a termination notice for the Share Purchase Agreement dated 27
June 2024 (Agreement) with Lind Global Fund II, LP (Lind), and will be repaying the latest
tranche instalment to Lind funded under this Agreement.
The Agreement is a staged private placement in monthly instalments of $100,000 per month,
which may be increased by mutual agreement up to $500,000 per month, over a 12-month
period from June 2024.
There is no cost to Invion for ending this Agreement.
Invion will also repay the latest instalment of $250,000 provided by Lind that was referenced
in the Appendix 2A on 4 March 2025 at a 5% premium. Accordingly, the shares the subject of
the Appendix 2A will not be issued.
The Company would like to thank Lind for the support it has provided over the past several
months, which was instrumental in helping fund the initiation of the Phase I/II non-melanoma
skin cancer trial, as well as other research and development programs.
This announcement was approved for release by Invion’s Board of Directors.
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Investor and Media enquiries:
Thian Chew (Chair & CEO)
T: +61 3 9692 7222
E: investor@inviongroup.com
Brendon Lau (Investor & Media Relations)
M: +61 409 341 613
E: brendon.lau@inviongroup.com
About Invion
Invion is a life-science company that is leading the global research and development of the
Photosoft™ technology for the treatment of a range of cancers, atherosclerosis and infectious
diseases. Invion holds the exclusive Australia and New Zealand license rights and exclusive
distribution rights to Hong Kong and the rest of Asia Pacific, excluding China, Macau, Taiwan
and Japan, to the Photosoft technology for all cancer indications. It also holds the exclusive
rights to the technology in Asia and Oceania, excluding China, Hong Kong, Taiwan, Macau,
the Middle East and Russia for atherosclerosis and infectious diseases, and subsequently
acquired the rights to the United States, Canada and Hong Kong for infectious diseases.
Research and clinical cancer trials are funded by the technology licensor, RMW Cho Group
Limited. Invion is listed on the ASX (ASX: IVX).
Invion Limited ABN 76 094 730 417
100 Albert Road, South Melbourne, VIC 3205
P: +61 3 9692 7222 W: www.inviongroup.com
ASX ANNOUNCEMENT
About Photodynamic Therapy (PDT)
Invion is developing PhotosoftTM technology as a novel next generation Photodynamic
Therapy (PDT). PDT uses non-toxic photosensitisers and light to selectively kill cancer cells and
promote an anti-cancer immune response. Less invasive than surgery and with minimal side
effects, PDT offers an alternative treatment option aimed at achieving complete tumour
regression and long-lasting remission. PDT has also demonstrated broad-spectrum activity
across multiple infectious diseases, including bacteria, fungi and viruses. Photosoft has the
potential to address the global challenge of antibiotic-resistant “superbugs”.
Invion Limited ABN 76 094 730 417
100 Albert Road, South Melbourne, VIC 3205
P: +61 3 9692 7222 W: www.inviongroup.com
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