SPACETALK Limited ( (AU:SPA) ) just unveiled an announcement.
Spacetalk Ltd has successfully raised $1.265 million through a placement to institutional and wholesale investors. This funding will be used to purchase inventory, expand geographically, and develop a new app ecosystem, which is expected to enhance the company’s product capabilities and drive subscription growth. The placement was well-received, with shares issued at a discount to recent trading prices, and is managed by Unified Capital Partners Pty Limited.
More about SPACETALK Limited
Spacetalk Ltd (ASX: SPA) is a company that develops and sells hardware and software aimed at providing safety solutions for various life stages. The company offers a range of products including Kids Smart Watches, Spacetalk Mobile, Spacetalk App, and Adult Wearables, focusing on delivering freedom with peace of mind.
YTD Price Performance: -5.49%
Average Trading Volume: 2,372
Technical Sentiment Signal: Strong Buy
Current Market Cap: €6.3M
For a thorough assessment of SPA stock, go to TipRanks’ Stock Analysis page.