• Spectur raises $2.3 million via a placement to sophisticated and professional investors
• Funds to be used for accelerating the company's sovereign cloud and AI capabilities
• Placement completed at $0.03 per share, representing a 3.4% premium to last traded price

Spectur Limited (ASX: SP3) has announced that it has received firm commitments from investors to subscribe for 76,666,667 fully paid ordinary shares to raise approximately $2.3 million before costs at an issue price of $0.03 per share. The placement was completed under the company's existing placement capacity under ASX Listing Rules 7.1 and 7.1A. The issue price represents a 3.4% premium to the last ASX closing share price and a 9.4% premium to the 15-day volume-weighted average price. The funds raised will be primarily deployed towards accelerating the company's sovereign cloud and AI capabilities, enabling the delivery of secure, modular, scalable, and high-margin SaaS and managed-service solutions with robust back-end infrastructure. The placement was strongly supported by Morgans Corporate Ltd, who acted as the Lead Manager. The company also announced upcoming board changes, with the representative of the largest shareholder, Mr. Santo Carlini, to be appointed to the board effective November 1, 2025, and the retirement of current Non-Executive Director Gerard Dyson at the upcoming Annual General Meeting.

The funds raised under the placement will be used primarily to accelerate the company's sovereign cloud and AI capabilities, with $1.15 million allocated for this purpose. An additional $0.3 million will be used for the development of the next-generation edge AI hardware platform, $0.2 million for marketing and launch, and $0.5 million for working capital.