Convertible Debt Planning for a Public Listing Pathway

Situation

A technology business preparing for a planned public listing required disciplined capital planning while assessing non-dilutive funding options compatible with future public-market expectations.

Complexity

• Transition from private operations to public-market standards

• Cross-border considerations and evolving expansion plans

• Need to assess debt instruments that would not constrain future listing outcomes

• Preserving flexibility while capital strategy decisions remained under evaluation

  
  

Role

Capital structuring adviser, focused on debt strategy and listing-compatible capital planning.

What Was Done

• Advised on capital structuring considerations relevant to a future public listing

• Assessed the suitability of convertible notes as a potential funding instrument

• Provided ongoing strategic input on how debt decisions interact with longer-term listing objectives

• Ensured capital planning remained disciplined, non-dilutive, and optionality-preserving

  
  

Outcome

• Clear framework established for assessing convertible debt as part of listing preparation

• Capital structure aligned with future public-market positioning

• Management able to progress listing preparation with a coherent, debt-led capital strategy under consideration