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The latest announcement is out from Sprintex Limited ( (AU:SIX) ).
Sprintex Limited has completed a capital raising and restructuring of its equity through the issue of 26,666,667 fully paid ordinary shares, the conversion of 16,250,000 options into fully paid shares, and the issue of a further 2,000,000 options exercisable at $0.12 and expiring on 14 January 2027, allocated to a mix of new and existing shareholders under a recently announced placement. The company has confirmed that these securities were issued without a prospectus in reliance on disclosure exemptions, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no undisclosed information that investors would reasonably expect, a stance intended to reassure the market and existing stakeholders about governance and transparency around its capital management activities.
The most recent analyst rating on (AU:SIX) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.
More about Sprintex Limited
Sprintex Limited, founded in Australia in 2003, specialises in the engineering, research, product development and manufacturing of ultra high-speed electric motors and clean air compressors. Its technology targets both industrial and automotive markets, with G Series blowers for applications such as wastewater treatment, aquaculture, paper milling and pharmaceuticals, as well as fuel cell compressors for hydrogen and natural gas clean energy systems. In the automotive sector, Sprintex supplies high-speed electric motor-driven compressors for hybrid and petrol vehicles and draws on its legacy in twin screw superchargers to support ongoing innovation in clean air and energy-efficient solutions.
Average Trading Volume: 953,083
Technical Sentiment Signal: Buy
Current Market Cap: A$56.7M
Find detailed analytics on SIX stock on TipRanks’ Stock Analysis page.