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An announcement from SPACETALK Limited ( (AU:SPA) ) is now available.
Spacetalk Limited has announced a financial arrangement involving the issuance of 3,000,000 converting notes to Thorney Investment Group and 1,000,000 notes to Pure Asset Management. The company plans to seek shareholder approval to convert these notes into shares to avoid them being classified as debt instruments. This move is part of Spacetalk’s strategy to secure $3 million in growth capital and reduce debt by $1 million, potentially impacting its financial stability and market positioning.
More about SPACETALK Limited
Spacetalk Limited (ASX: SPA) develops and sells hardware and software aimed at providing safety across various life stages. The company offers a range of products including Australia’s best-selling Kids Smart Watches, Spacetalk Mobile, Spacetalk App, and Adult Wearables, all designed to offer freedom with peace of mind.
Average Trading Volume: 52,913
Technical Sentiment Signal: Sell
Current Market Cap: A$11.3M
Find detailed analytics on SPA stock on TipRanks’ Stock Analysis page.