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Sparc Technologies Limited (ASX:SPN)

ALERT: Price-sensitive ASX Announcement for SPN
Current share price for SPN : $0.175 -0.035 (-16.67%)+
Announcement
Release
20 Aug 2026 9:25AM
Price at Release
$0.210
Full Release
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Summary
Sparc Technologies Limited has announced a capital raising initiative through a Share Purchase Plan and placement to garner up to A$2.5M, aimed at accelerating the commercialisation of its graphene-enhanced product, ecosparc®. The initiative includes a non-underwritten Share Purchase Plan to raise up to A$1.75M, offering shares at a 17.5 cent price, which is a discount to existing market prices. The placement will additionally raise A$750K through commitments for 4,285,714 new shares. This capital will bolster the company's commercialisation efforts, support Sparc's ongoing investment in Sparc Hydrogen, and provide general working capital. With more than 20 active testing programs, Sparc plans multiple new commercial releases in the coming months. The directors have pledged to participate in the share placement, subject to shareholder approval.
Key Points
  • Sparc Technologies is launching a Share Purchase Plan (SPP) and placement to raise up to A$2.5M.
  • Funds from the capital raise will accelerate the commercialisation of ecosparc® following its release by two international manufacturers.
  • The SPP will raise up to A$1.75M, offering shares at A$0.175 each, a discount to the recent market prices.
  • The placement includes binding commitments for 4,285,714 new shares to raise A$750K.
  • Directors of Sparc are subscribing for a total of ~A$70K in the share placement, subject to shareholder approval.
  • Proceeds will support new product development and investment in Sparc Hydrogen, alongside general working capital needs.
  • The funding helps support over 20 active testing programs and targets multiple new commercial coatings within the next 6-12 months.
  • Settlement and allotment of the first tranche of placement shares are scheduled for late August 2026.
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.