Sprintex Secures Funding Through Underwriting Agreement

Sprintex Limited (AU:SIX) has released an update.

Sprintex Limited has secured a funding boost through an underwriting agreement with China Automotive Holdings Limited, which supports the exercise of options priced at 7.5 cents. The agreement ensures financial backing for up to 12,871,111 options, potentially raising A$965,333, with an underwriting fee of 5%. This strategic move is anticipated to enhance Sprintex’s market positioning, as stakeholders aim for a market cap of $100 million by mid-2025.

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