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Spenda Limited (ASX:SPX)

ALERT: Price-sensitive ASX Announcement for SPX
Current share price for SPX : $0.004 0.002 (60%)+
Announcement
Release
6 Mar 2026 9:59AM
Price at Release
$0.003
Full Release
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Summary
Spenda Limited, trading under the ASX code SPX, announced a successful private placement raise of $1.4 million (before costs) from existing and new sophisticated investors. The placement was well-supported by various investors and board members, and was offered at an issue price of $0.002 per share. The funds will be utilized for the commercialization of core products, cost-cutting, debt management, and general working capital requirements. The placement involved the issuance of 415,000,000 shares under ASX Listing Rule 7.1 without prior shareholder approval, and an additional 285,000,000 shares and 20,000,000 broker options are pending shareholder approval. Lodge Corporate Pty Ltd and Lynx Advisors Pty Ltd acted as joint lead managers for the placement and will receive a management fee and broker options as compensation.
Key Points
  • Private placement raised $1.4 million.
  • Placement price was $0.002 per share.
  • Funds allocated for commercialization, cost-cutting, and working capital.
  • 415,000,000 shares issued under ASX Listing Rule 7.1.
  • 285,000,000 shares pending shareholder approval.
  • 20,000,000 broker options also pending approval.
  • Joint lead managers: Lodge Corporate and Lynx Advisors.
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.