$1.075m in New Funding
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Sprintex Limited is raising funds through a convertible note issue to secure new financing. The company plans to issue convertible notes that will mature in a few years and bear interest, with options for holders to convert them into shares. Funds raised will be allocated for working capital, expanding the sales team, and fulfilling customer orders. Sharewise Capital Pty Ltd has been appointed as the lead manager for this financing initiative.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Sprintex
- Sprintex Enters Lucrative Bangladesh Jet Blower Market
- South Korea Agreement to Fast Track Hydrogen Market Growth
- Sprintex Enters UK Water GBP104B Infrastructure Cycle
- Major Expansion Across India Alongside New Purchase Order
- Appendix 4D and Interim Financial Report
Later from Sprintex
- Sprintex sign exclusivity for Saudi Arabia Jet Blower market
- Sprintex Fuel Cell Compressors Advance AI Data Centre Trials
- Sprintex Secures TSMC AI Wastewater Deployment Deal
- Sprintex Secures Underwriting and Convertible Note Extension
- Sharewise Joins Underwriting Group for Expiring Options
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