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Spenda Limited ( (AU:SPX) ) has issued an update.
Spenda Limited has issued 20,301,169 new ordinary shares and confirmed these securities can be freely traded under the Corporations Act’s Section 708A(5) exemption. The company stated the shares were issued without a prospectus, but affirmed it is up to date with financial reporting and continuous disclosure obligations, and that there is no excluded information that would affect investors’ assessment of the new securities.
This move formalises the regulatory status of the newly issued shares, ensuring liquidity for holders and clarity for the market regarding their resale. By confirming compliance with key corporate reporting and disclosure provisions, Spenda seeks to reinforce investor confidence and signal that the capital raising and subsequent trading of these shares occur within a fully compliant governance framework.
More about Spenda Limited
Spenda Limited, listed on the ASX under ticker SPX, operates in the financial technology sector, focusing on software-driven payment and transaction solutions for businesses. The company targets enterprises seeking digital tools to manage payments, invoicing, and broader financial workflows, positioning itself within Australia’s evolving fintech and B2B payments landscape.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.75M
See more data about SPX stock on TipRanks’ Stock Analysis page.