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SPC Global Holdings Ltd (ASX:SPG)

ALERT: Price-sensitive ASX Announcement for SPG
Current share price for SPG : $0.098 -0.017 (-14.78%)+
Announcement
Release
18 May 2026 1:08PM
Price at Release
$0.115
Full Release
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Summary
SPC Global Holdings Ltd is conducting a fully underwritten equity raising to generate approximately $100 million. This includes a placement to institutional investors and a pro rata renounceable entitlement offer to existing shareholders. The offer is designed to reduce net debt, support working capital requirements, and fund the company's strategic initiatives. The entitlement offer gives eligible shareholders the opportunity to subscribe for 1 new share for every 0.1993 existing shares at a price of $0.10 per share, representing significant discounts to recent trading prices. The offer is fully underwritten by Unified Capital Partners Pty Limited and Gleneagle Securities (Aust) Pty Ltd. The funds will be used to strengthen the balance sheet of SPC Global, improve liquidity, and support future business strategies in both domestic and international markets.
Key Points
  • SPC Global is conducting a $100 million equity raising.
  • The equity raising includes a $2.9 million placement and a $97.1 million entitlement offer.
  • Offer price is set at $0.10 per new share.
  • Eligible shareholders can subscribe for 1 new share for every 0.1993 existing shares.
  • The proceeds will be used to reduce net debt and support working capital.
  • The offer is fully underwritten by Unified Capital Partners and Gleneagle Securities.
  • The entitlement offer is renounceable and can be traded on ASX.
  • Funds will enhance the company's balance sheet and support strategic initiatives.
  • The managing director and chairman show significant commitment to the offer.
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.