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Spenda Limited ( (AU:SPX) ) has issued an update.
Spenda Limited has called a general meeting of shareholders to be held in Sydney on 8 May 2026, with a record date of 6 May 2026 to determine voting eligibility. Shareholders can vote in person or by submitting proxy instructions via online, post, hand delivery or email by the stated deadline, with additional procedural requirements for powers of attorney and corporate representatives.
The key business of the meeting is to seek shareholder ratification of a substantial prior share placement completed in December, covering 32,914,167 shares issued under Listing Rule 7.1 and 486,485,833 shares issued under Listing Rule 7.1A. Approval will restore the company’s placement capacity under ASX listing rules and formally endorse the capital raising, which has implications for dilution, future funding flexibility and the governance oversight expected by investors.
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 Australian-listed company that trades on the ASX under the code SPX. The company has a broad shareholder base that participates in capital raisings such as share placements, and its governance processes include regular general meetings to approve prior share issues and other corporate actions.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.75M
For an in-depth examination of SPX stock, go to TipRanks’ Overview page.