An update from Spenda Limited ( (AU:SPX) ) is now available.
Spenda Limited has secured a $3 million term loan facility with Capricorn Society Limited, allowing for flexible drawdowns in $500,000 increments. This strategic funding will support Spenda’s capital expenditure and working capital needs, helping the company move towards operational break-even despite challenging market conditions. Additionally, Non-Executive Director Andrew Kearnan has resigned from the board, with the company expressing gratitude for his contributions.
More about Spenda Limited
Spenda Limited is an innovative software company that provides embedded electronic payment solutions for supply chains and trading networks.
Average Trading Volume: 2,155,863
Technical Sentiment Signal: Buy
Current Market Cap: A$32.31M
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