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Spenda Limited ( (AU:SPX) ) has provided an update.
Spenda Limited has secured firm commitments for a $1.4 million private placement at $0.002 per share, attracting support from new sophisticated investors, existing shareholders and its Board and executive team. The capital will be directed toward commercialising core products, cost-cutting initiatives, debt management and general working capital, underscoring efforts to strengthen its operational footing.
A total of 700 million new shares will be issued, including 415 million under the company’s existing placement capacity and 285 million subscribed for by directors and executives, subject to shareholder approval. Joint lead managers Lodge Corporate and Lynx Advisors will receive fees and 20 million options, with all securities expected to be fully issued by the end of April 2026, signalling a material equity recapitalisation for the fintech.
The most recent analyst rating on (AU:SPX) stock is a Hold 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 is an ASX-listed company operating in the financial technology sector, focused on commercialising its core software products. The company targets business customers with solutions aimed at improving payments, working capital efficiency and broader digital transaction workflows across its chosen markets.
Technical Sentiment Signal: Sell
Current Market Cap: A$13.55M
Find detailed analytics on SPX stock on TipRanks’ Stock Analysis page.