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Spectur Limited (ASX:SP3)

ALERT: Price-sensitive ASX Announcement for SP3
Current share price for SP3 : $0.011 -0.018 (-62.07%)+
Announcement
Release
23 Oct 2025 9:11AM
Price at Release
$0.029
Full Release
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Summary
Spectur Limited announced a successful $2.3 million placement to accelerate its rollout of a new AI Cloud Platform. The placement involved issuing 76,666,667 fully paid ordinary shares at an issue price of $0.03, which was a premium compared to the company's recent trading prices. The funds are primarily allocated to enhance the company's sovereign cloud and AI capabilities, focusing on secure and scalable SaaS and managed-service solutions. The placement is led by Morgans Corporate Ltd, and the settlement of shares is scheduled for 29 October 2025. Additionally, Spectur is welcoming a new board member, Santo Carlini, while Gerard Dyson will not seek re-election.
Key Points
  • Spectur Limited completed a $2.3 million placement.
  • The placement price was $0.03 per share.
  • Funds will be used to enhance AI and cloud capabilities.
  • Morgans Corporate Ltd acted as lead manager.
  • Settlement of shares expected on 29 October 2025.
  • Santo Carlini to join the board, Gerard Dyson to step down.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.