Spenda raises $1.1M via retail offer

• Spenda completed its retail entitlement offer, raising approximately $1.1 million.
• Major shareholder Capricorn Society accepted its full entitlement to increase its shareholding to around 19.99%.
• The company stated the funds will support its turnaround strategy to optimise operations and reduce debt.

Spenda (ASX:SPX) raised approximately $1.1 million through the retail component of its accelerated entitlement offer.

This retail offer followed an institutional component that raised $1.9 million earlier in June 2026.

Retail shareholders subscribed for 286,650,467 new shares, representing a 17.13% participation rate.

Major shareholder Capricorn Society accepted its full entitlement to increase its total stake to circa 19.99%.

The company commenced a retail shortfall bookbuild process on July 6 to allocate remaining shares.

Following the announcement, the Spenda share price was unchanged at $0.003.

The company stated the capital raising supports its turnaround strategy to optimise business processes and reduce debt.