Sparc Technologies Ltd Successfully Closes Share Purchase Plan
Key points
- Sparc Technologies Ltd completed its Share Purchase Plan (SPP)
- Raised A$901,500 from 113 valid applications
- Funds will support technology development and commercialization
- 5,151,492 shares issued at A$0.175 per share
- SPP Shares to rank equally with existing shares
Full summary
Sparc Technologies Limited (ASX: SPN) has announced the successful completion of its Share Purchase Plan (SPP). The Company received 113 valid applications from eligible shareholders, raising a total of A$901,500 under the SPP. The SPP closed at 5:00 PM (AEST) on 1 October 2026. The funds raised will provide additional financial capacity for the Company to continue progressing its key technology development and commercialization activities. A total of 5,151,492 fully paid ordinary shares (SPP Shares) will be issued under the SPP at an issue price of A$0.175 per SPP Share. The SPP Shares will be issued pursuant to ASX Listing Rule 7.2 Exception 5 and will rank equally in all respects with the Company's existing fully paid ordinary shares. The SPP Shares are expected to be issued on 8 October 2026.
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