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Sprintex Limited ( (AU:SIX) ) has provided an update.
Sprintex Limited has notified the ASX of a proposed capital raising via a placement, seeking to issue up to 26,666,667 new fully paid ordinary shares and 2,000,000 options exercisable at A$0.10 and expiring 12 months from issue, with an expected issue date of 19 January 2026. The additional equity, once completed, will expand the company’s capital base and may provide funding flexibility for its operational and growth plans, while diluting existing shareholders but potentially strengthening Sprintex’s balance sheet and positioning in its niche engineering and technology markets.
The most recent analyst rating on (AU:SIX) stock is a Hold 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, listed on the ASX under the code SIX, operates in the industrial and automotive technology sector, focusing on engineering and manufacturing advanced supercharger and related clean air and propulsion technologies for global markets.
Average Trading Volume: 897,987
Technical Sentiment Signal: Buy
Current Market Cap: A$56.04M
For a thorough assessment of SIX stock, go to TipRanks’ Stock Analysis page.