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The latest update is out from Spenda Limited ( (AU:SPX) ).
Spenda Limited announced that its listed options (ASX:SPXOA), exercisable at $0.0175 each, will expire on 4 August 2025. Currently, the exercise price is above the market price of the company’s shares, rendering the options out of the money. Consequently, Spenda will not send personalized notices to option holders unless the share price increases to meet the exercise price before expiration. This decision reflects the company’s adherence to ASX Listing Rules and highlights the current market conditions affecting its financial instruments.
More about Spenda Limited
Spenda Limited (ASX:SPX) is an integrated business platform that enables businesses across the supply chain to sell better and get paid faster. It functions as both a software solutions provider and a payment processor, offering essential infrastructure for streamlining processes before, during, and after payment events. Spenda’s solutions encompass software, payments, and lending, facilitating end-to-end e-invoicing integration, rapid ordering, digital trust, and automated reconciliation. The company aims to improve operational efficiency for trading parties in the supply chain through its industry-standard operating environment and integrated technology solutions.
Technical Sentiment Signal: Sell
Current Market Cap: A$32.31M
For a thorough assessment of SPX stock, go to TipRanks’ Stock Analysis page.