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Spacetalk Ltd (ASX:SPA)

ALERT: Price-sensitive ASX Announcement for SPA
Current share price for SPA : $0.090 0.006 (7.14%)+
Announcement
Release
5 Aug 2026 9:45AM
Price at Release
$0.084
Full Release
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Summary
Spacetalk Ltd has secured firm commitments to raise $10 million through a two-tranche placement of shares. Tranche 1 will issue 34,581,000 shares immediately under ASX Listing Rule 7.1, while Tranche 2, involving 98,752,333 shares, awaits shareholder approval at an upcoming meeting. The shares are priced at $0.075, discounted from recent prices. The proceeds will fund platform enhancements, inventory, and operational costs. Taurus Capital Group, as lead manager, will receive a 6% fee. CEO Simon Crowther emphasized that this funding will facilitate the development and growth of Spacetalk's platform and subscriber base.
Key Points
  • Spacetalk Ltd (ASX: SPA) received firm commitments to raise $10.0 million through a two-tranche placement.
  • Tranche 1 involves issuing 34,581,000 shares under existing ASX Listing Rule 7.1 capacity.
  • Tranche 2 includes 98,752,333 shares subject to shareholder approval at a meeting expected in September 2026.
  • The placement is priced at $0.075 per share, representing a discount to recent share prices.
  • Funds from the placement will be used for Spacetalk platform enhancements, inventory investment, and other operational costs.
  • Taurus Capital Group is the lead manager of the placement, receiving a 6% fee of the total raised.
  • CEO Simon Crowther stated the capital would help accelerate Spacetalk's platform development and support subscriber growth.
  • A general meeting is anticipated to approve further shares and options issuance related to the placement.
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.