Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Spenda Limited ( (AU:SPX) ) has shared an announcement.
Spenda Limited has successfully raised $1.4 million through a private placement, attracting support from both new and existing investors, including board members. The funds will be allocated towards product development and general working capital, enhancing the company’s operational capabilities and market position. The placement involves issuing shares and options, with shareholder meetings planned to approve certain allocations. This strategic move is expected to bolster Spenda’s growth and strengthen its standing in the fintech sector.
The most recent analyst rating on (AU:SPX) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Spenda Limited stock, see the AU:SPX Stock Forecast page.
More about Spenda Limited
Spenda Limited operates in the financial technology industry, focusing on providing innovative payment solutions and digital transaction services. The company is listed on the Australian Securities Exchange (ASX) under the ticker SPX.
Technical Sentiment Signal: Sell
Current Market Cap: A$17.03M
Find detailed analytics on SPX stock on TipRanks’ Stock Analysis page.