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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.
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.
A key highlight of Sprintex’s recent activities includes the receipt of an initial order worth US$225,800 (A$359,669) from Euroteck Environmental Pty. Ltd., marking the company’s entry into the Indian market. This order, which includes Sprintex’s G15 and G25 series blowers, is part of a broader agreement expected to generate over A$7 million in sales over the next three years, particularly for wastewater treatment applications.
In addition to this, Sprintex is preparing to showcase its technology at the 2025 Hannover Messe, one of the world’s leading industrial trade events. The company is also in talks with potential distributors in Europe, aiming to finalize agreements in conjunction with the event.
With distribution partnerships already in place that could generate a minimum order value of $35 million over the next five years, Sprintex continues to explore new opportunities in key international markets.






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