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Spenda Limited ( (AU:SPX) ) has issued an announcement.
Spenda Limited has secured a $3.5 million convertible loan facility with Obsidian Global GP, LLC to support its operations and move closer to operational break-even. This strategic financial arrangement provides working capital and involves a phased investment schedule, with conversion terms based on market prices, ensuring alignment with shareholder interests.
More about Spenda Limited
Spenda Limited is an innovative software company that specializes in embedded electronic payment solutions for supply chains and trading networks.
Technical Sentiment Signal: Sell
Current Market Cap: A$36.92M
For a thorough assessment of SPX stock, go to TipRanks’ Stock Analysis page.