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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.071 -0.003 (-4.05%)+
Announcement
Release
27 Apr 2026 9:42AM
Price at Release
$0.074
Full Release
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Summary
Sprintex Limited announced a capital raising of A$1.075 million through the issue of convertible notes, each priced at A$1.00 and maturing on 30 June 2027. These notes offer an 8.0% annual interest rate, payable quarterly, and can be converted into ordinary shares at a 10% discount to the 15-day VWAP, with a minimum conversion price of A$0.072 per share. The funds raised will support working capital needs, expand the sales team, and fulfill customer orders. Sharewise Capital Pty Ltd serves as the lead manager for this financial initiative.
Key Points
  • Sprintex Limited is issuing A$1.075 million through convertible notes.
  • The convertible notes are priced at A$1.00 each and will mature on 30 June 2027.
  • Convertible notes will bear an interest rate of 8.0% per annum, paid quarterly.
  • Holders can convert notes into shares at a 10% discount to the 15-day VWAP, with a minimum price of A$0.072 per share.
  • Funds will be used for working capital, sales team expansion, and customer order fulfillment.
  • Sharewise Capital Pty Ltd is the sole lead manager for the issue.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.