Latest Turnaround Strategy News

Bapcor has negotiated eased lender covenants for FY27, allowing higher leverage and lower fixed charge cover ratios to support its ongoing operational reset.

Spenda Limited has reshaped its business with significant cost cuts, divested non-core assets, and secured major shareholder backing, positioning itself for cash flow positive operations.

Spenda Limited anticipates a significant R&D tax offset exceeding AUD 1.75 million for FY26, providing a timely cash boost amid its push towards cash-flow neutrality.

AdNeo Limited achieved a record positive operating cash flow of $451k in Q4 FY26 and secured significant customer contracts, setting the stage for disciplined growth in FY27.

Cobre Limited’s Chilean subsidiary has increased its stake in the Sierra Atacama Copper Project from 45% to over 54% through a $12 million capital raise, with a clear path to majority control by year-end.

Spenda Limited has completed the retail tranche of its $8.545 million entitlement offer, raising $1.15 million at $0.004 per share, with major shareholder Capricorn Society increasing its holding to nearly 20%.

Spenda Limited has pushed back the closing date for its retail entitlement offer by five days, aiming to complete a critical $8.545 million capital raise to support its turnaround plan and reduce debt.

Spenda Limited has launched the retail component of its $8.545 million accelerated entitlement offer, aiming to recapitalise, reduce debt, and support product development. Eligible shareholders can subscribe for 7 new shares per existing share, with free attaching options exercisable until 2031.

Spenda Limited has secured $1.85 million from its institutional entitlement offer at $0.004 per share, progressing its $8.545 million capital raise aimed at debt reduction and product development. The retail component opens next week to raise an additional $6.7 million.

Spenda Limited (ASX:SPX) has kicked off an $8.545 million accelerated entitlement offer at a steep discount, aiming to strengthen its balance sheet, reduce debt, and support its strategic reset towards profitability.

Australian Vintage Limited has locked in a $128 million refinancing deal extending to 2029 and reported a significant cash flow turnaround in FY26, driven by innovation and strategic acquisitions.

WA Kaolin has successfully recapitalised its balance sheet by approximately A$16.1 million through a partially underwritten entitlement offer and significant debt reduction, positioning the company for operational growth at its Wickepin kaolin project.