Gelteq (GELS) Registration filing summary

Financial performance and metrics

• Raised approximately AUD $1,004,889 through May 2023 Convertible Notes with a 12% annual interest rate and maturity in December 2025.

• February 2024 Convertible Notes raised about AUD $357,338 at a 6% annual interest rate, maturing December 2025.

• May 2024 Convertible Notes raised approximately AUD $1 million at a 6% annual interest rate, maturing December 2025.

• In January–March 2025, AUD $822,184 in convertible notes converted to equity at USD $2.14/share; AUD $772,136 in loans redeemed.

• February 2025 Convertible Notes raised AUD $580,000 at a 20% annual interest rate, maturing July 2026, convertible at USD $2.00/share.

Use of proceeds and capital allocation

• Funds from convertible notes and share issuances used to reduce debt and improve the balance sheet.

• January 2025 offer allowed note and loan holders to convert to equity, redeem, or continue to maturity, reducing outstanding debt.

Risk factors and disclosures

• Indemnification of directors and officers is limited by Australian law and may not cover certain liabilities or legal costs.

• SEC considers indemnification for Securities Act liabilities unenforceable as a matter of public policy.