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Spectur: Raises $945,000 in share purchase plan

August 11, 2020

Security technology provider Spectur has closed its oversubscribed share purchase plan (SPP) after successfully raising approximately $945,000
The company first announced the SPP on July 9 and it closed on August 7, 2020
The company received applications for just over 28 million shares, but only accepted approximately 18.9 million of them
Spectur also recently completed a share placement in which it raised $567,248 in proceeds
The SPP and placement proceeds will accelerate the adoption of the company’s new technology platform, drive sales and review M&A opportunities
Spectur closed 5.36 per cent in the green today, trading for 5.9 cents per share