Spectur Ltd. (AU:SP3) has released an update.
Spectur Ltd. successfully raises $250K through a placement with four existing shareholders at 2c per share, enabling the company to repay its outstanding debt to EGP Capital ahead of the due date. This strategic financial move streamlines Spectur’s balance sheet, positioning the firm for robust, debt-free progression. The internally managed placement will result in an increase of shares to 244.4 million.
For further insights into AU:SP3 stock, check out TipRanks’ Stock Analysis page.
