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An update from SPACETALK Limited ( (AU:SPA) ) is now available.
Spacetalk Ltd has secured $3 million in growth capital from its largest shareholder, Thorney Investment Group, and has arranged to convert $1 million of existing debt into equity. This funding will support the company’s international expansion, new product development, and general corporate expenses. The move reflects confidence in Spacetalk’s strategy and aims to protect existing shareholders from immediate dilution while enhancing the company’s market position.
More about SPACETALK Limited
Spacetalk Ltd operates in the technology industry, focusing on safety-focused technology products for families. The company is engaged in international expansion and the development of a new app ecosystem and hardware.
Average Trading Volume: 58,633
Technical Sentiment Signal: Sell
Current Market Cap: A$11.3M
For detailed information about SPA stock, go to TipRanks’ Stock Analysis page.