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HomeFinTechSpectur: Raises $1.15m in SPP

Spectur: Raises $1.15m in SPP

Date:

Spectur Raises $1.15m in SPP

  • Security and surveillance technology company Spectur (SP3) raises $1.15 million through a security purchase plan (SPP)
  • The SPP, which followed a $1.9 million placement, initially aimed to raise $500,000, however, it received applications for $1.13 million
  • The company is also accepting $17,000 under the shortfall offer which takes the total amount raised from the placement and SPP to $3 million
  • These funds will be used for the company’s expansions plans across Australia and other development costs
  • Company shares end the day five per cent in the red at 3.8 cents

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