The latest update is out from Sparc Technologies Ltd ( (AU:SPN) ).
Sparc Technologies Ltd has successfully secured A$2.2 million through a share placement, with plans to raise an additional A$500,000 via a Share Purchase Plan (SPP) targeting existing shareholders. The funds will be utilized for the commercialization of its ecosparc® product, support for Sparc Hydrogen, and ongoing research and development. This capital raise positions Sparc Technologies to advance its products and maintain its competitive edge in the advanced materials and renewable energy sectors.
More about Sparc Technologies Ltd
Sparc Technologies Ltd operates in the advanced materials industry, focusing on the development and commercialization of graphene-based products. The company is also involved in the hydrogen sector through its Sparc Hydrogen initiative, aiming to innovate in renewable energy solutions.
YTD Price Performance: 31.25%
Average Trading Volume: 66,876
Technical Sentiment Signal: Buy
Current Market Cap: A$20.13M
Find detailed analytics on SPN stock on TipRanks’ Stock Analysis page.