Spirit Technology Solutions Ltd. (AU:ST1) has released an update.
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Spirit Technology Solutions Ltd has appointed Russell Baskerville as a Non-Executive Director, with a firm commitment to subscribe for 18,867,924 ordinary shares in the company through a private placement. This investment, valued at $1 million with shares priced at 5.3 cents each, signifies a strategic move for Spirit as it expands its leadership team. The share issuance is expected to settle around November 4, 2024, enhancing the company’s financial positioning.
For further insights into AU:ST1 stock, check out TipRanks’ Stock Analysis page.