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 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.

The funds raised will primarily be used to settle outstanding loans with strategic debt providers, totaling $1.5 million, and to provide working capital of $1.75 million. This capital injection will assist Sprintex in its ongoing expansion into the Asia-Pacific and European markets, supporting strategic initiatives aimed at increasing its global presence.

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