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Spenda launches $8.5 million entitlement offer to cut debt and fund growth
10:47am on Tuesday 9th of June, 2026 AEST
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Technology
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Spenda launches $8.5 million entitlement offer to cut debt and fund growth
10:47am on Tuesday 9th of June, 2026 AEST
Key Points
Entitlement offer priced at $0.004 per share with 7-for-1 ratio plus free options
Raise proceeds to retire $3 million in secured debt and fund product development
Offer not underwritten but backed by $6 million binding commitments
Directors to renounce entitlements, diluting existing holdings
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