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Spectur Ltd. ( (AU:SP3) ) has shared an update.
Spectur Limited announced the issuance of 8,750,000 fully paid ordinary shares, including 7,000,000 shares upon conversion of vested service rights and 1,750,000 shares to CEO Anthony Schmidt as partial salary compensation. This issuance falls under the exemption of section 708A(5) of the Corporations Act 2001, allowing for on-sale without disclosure. The announcement signifies Spectur’s compliance with relevant legal provisions and highlights its strategic financial maneuvers, potentially impacting its market operations and stakeholder interests.
More about Spectur Ltd.
Spectur Limited (ASX:SP3) is an Australian-based company specializing in the development and manufacturing of security, surveillance, warning, environmental monitoring, and AI solutions. These systems are powered by solar, IoT, camera, and cloud-based technology, catering to industries such as government, utilities, and the construction sector. Spectur owns the rights to its innovative hardware and cloud-based systems, providing a comprehensive service from design to maintenance, with operations in Australia and New Zealand.
Average Trading Volume: 432,005
Technical Sentiment Signal: Sell
Current Market Cap: A$4.01M
Learn more about SP3 stock on TipRanks’ Stock Analysis page.