• Firm commitments received to raise $1.5 million via a conditional placement
• Firm commitments received to raise $2.0 million via the issue of converting notes
• $0.55 million worth of converting notes committed by Board and Management Team

Spacetalk Ltd (ASX: SPA) has announced that it has received binding commitments of A$4.05 million, consisting of A$1.5 million via a Placement and A$2 million via the issue of September Converting Notes to institutional and professional investors, and A$0.55 million via the issue of Management Notes to Directors and Senior Management of Spacetalk. The funds raised will fund the geographical expansion, investment in app development, the purchase of inventory, and costs of the Offer. Spacetalk Managing Director Mr Simon Crowther commented that the raise will provide the company with the capital to push further into new geographies and launch a new software experience for customers and users with the new app, which will drive subscriptions as Spacetalk remains focused on delivering $20-25m ARR in 2026. The Placement was well supported with demand from institutional and wholesale investors and is subject to shareholder approval. Spacetalk also announced the immediate appointment of John Bird as an independent non-executive director and Chair of the Audit & Risk Committee, filling the vacancy left by Martin Pretty, who has resigned from his role.

The company remains focused on delivering $20-25m ARR in 2026.

The funds raised will be used to support the company's growth, including geographical expansion, investment in app development, and the purchase of inventory.