Spirit Technology Solutions Ltd. (AU:ST1) has released an update.
Spirit Technology Solutions Ltd. is set to bolster its cyber security prowess with the strategic acquisition of Forensic IT Solutions Pty Ltd for approximately $7.6 million plus shares, aiming to enhance its cyber response capabilities and scale its security division. To finance the deal and support general capital needs, Spirit has launched a fully underwritten equity raise of $20 million at a discounted offer price, with significant backing from major shareholder 263 Finance. The fresh capital is poised to advance Spirit’s growth strategy and reinforce its market position as a top-tier Australian cyber security entity.
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