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Spectur recently closed its entitlement offer, raising $461,547 with strong support from major shareholders and the Board. 

Spectur expresses gratitude to shareholders for their support and plans to repay EGP Capital, recapitalize, and review inventory and working capital needs. 

With a healthy sales pipeline and positive EBITDA budget target, the company is focused on delivering major corporate milestones in FY25. 

TLDR for Investors:<br/><br/>Spectur recently closed its entitlement offer, raising $461,547 with strong support from major shareholders and the Board. The company received valid applications for 23,077,374 New Shares, representing gross proceeds of $461,547.49 from Eligible Shareholders. There is a shortfall of 23,306,805 New Shares, and the company reserves the right to place the residual shortfall at the same price and on the same terms as the Entitlement Offer. Spectur expresses gratitude to shareholders for their support and plans to repay EGP Capital, recapitalize, and review inventory and working capital needs. With a healthy sales pipeline and positive EBITDA budget target, the company is focused on delivering major corporate milestones in FY25. Investors are encouraged to subscribe to the Spectur InvestorHub for updates and can contact Managing Director Gerard Dyson for further information.<br/><br/>For more details, investors can access the full announcement on the ASX website or contact Spectur directly.

Entitlement Offer Results

Announcement summary