Spenda Limited Unveils Multi-Million Option Issue

Spenda Limited (AU:SPX) has released an update.

Spenda Limited has announced the issuance of over 52 million unquoted equity securities in the form of options expiring in September 2027 with an exercise price of $0.0175 each. These new securities were detailed in a notification on October 3, 2024, and are not intended to be quoted on the ASX. This move could signify Spenda Limited’s strategy to raise capital or incentivize stakeholders without diluting current stockholders’ shares.

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