Seeing Machines on track to refinance convertible note

(Sharecast News) - Seeing Machines said on Wednesday that it remained on track to refinance its convertible note well before its 4 October 2026 maturity date. The AIM-traded transport safety technology company said it was in advanced discussions with several potential lenders and had received multiple term sheets, following its interim results update in March.

Chief executive Paul McGlone said the process would extend beyond the end of FY2026 due to lender interest and the company's focus on securing the most attractive terms, adding that Seeing Machines continued to expect completion "well ahead" of the October deadline.

At 1014 BST, shares in Seeing Machines were up 2.6% at 4.39p.

Reporting by Josh White for Sharecast.com.

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