Sprintex Limited (ASX: SIX) Secures $3.25M in Placement to Support Global Expansion

Thu 27 Mar 25, 02:41 AM | Team Kalkine

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Highlights

Sprintex raises $3.25M through the issue of 65 million shares at A$0.05 each.

Company secures initial US$225,800 order from Euroteck for entry into the Indian market.

Funds will support working capital and strategic initiatives for global expansion.

Sprintex Limited (ASX: SIX) has successfully raised $3.25 million through a placement of 65 million fully paid ordinary shares at A$0.05 per share. In addition to the shares, investors will receive one free attaching option for every five shares, exercisable at $0.10 per option on or before June 30, 2026. The placement was supported by a network of sophisticated, professional, and institutional investors.

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