IMTE redeems $15M convertible note via deposits
Integrated Media Technology Limited reported that on September 25, 2025 it redeemed a $15 million Convertible Note that was due on November 21, 2025.
Rhea-AI Filing Summary
Integrated Media Technology Limited reported that on September 25, 2025 it redeemed a $15 million Convertible Note that was due on November 21, 2025. Instead of paying cash, the company assigned equipment deposits of equal value to the noteholder to fully settle the obligation. This transaction removes the convertible note from its balance sheet while using existing deposits as consideration.
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Insights
IMTE removed a $15M convertible note using equipment deposits instead of cash.
Integrated Media Technology Limited redeemed a $15 million Convertible Note that was scheduled to mature on November 21, 2025. The note was settled on September 25, 2025 by assigning equipment deposits of equal value to the noteholder, rather than paying in cash.
This eliminates the convertible debt ahead of its stated due date and avoids immediate cash outflow, as the consideration was existing equipment deposits. The transaction may also affect any potential future share issuance that could have resulted from conversion, although specific conversion terms are not described in the excerpt.
Subsequent disclosures in company reports may provide more detail on how removing this liability and transferring the equipment deposits affects total assets, equity, and future financing flexibility.
FAQ
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What did Integrated Media Technology Limited (IMTE) report in this Form 6-K?
How did IMTE settle the $15 million Convertible Note?
When was IMTE’s $15 million Convertible Note originally due?
When did Integrated Media Technology Limited redeem the Convertible Note?
What type of event does this IMTE Form 6-K describe?
Did IMTE use cash to redeem the $15 million Convertible Note?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________
FORM 6-K
______________________________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
Dated September 25, 2025
Commission File Number: 001-38018
______________________________________________
Integrated Media Technology Limited
(Exact Name as Specified in its Charter)
______________________________________________
N/A
(Translation of Registrant's Name)
Suite 3 Level 3, 89 Pirie Street
Adelaide SA 5000 Australia
(Address of principal executive office)
______________________________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ☐
OTHER EVENTS
On September 25, 2025, Integrated Media Technology Limited redeemed the $15M Convertible Note ("CN") due on November 21, 2025 by assigning the equipment deposits of equal value to the CN noteholder.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: September 25, 2025
| Integrated Media Technology Limited | ||
| By: | /s/ Con Unerkov | |
| Name: | Con Unerkov | |
| Title: | Chairman & Chief Executive Officer | |