Spirit Technology Solutions Ltd. (AU:ST1) has released an update.
Spirit Technology Solutions Ltd. has successfully completed a funding round, securing A$9.1 million from institutional investors and through a public offer, with shares expected to resume trading on the Australian Stock Exchange (ASX) on August 27, 2024. The company’s capital raise included a fully subscribed offer and a placement that attracted significant interest, exceeding their initial target. The funds will bolster Spirit’s cyber capabilities and support the acquisition of Forensic IT, a key player in digital forensics and incident response.
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