Spirit Technology Solutions Ltd has completed its retail entitlement offer

Spirit Technology Solutions Ltd (ASX: ST1) announced the successful completion of the retail component of its 1 for 4.024 pro rata accelerated non-renounceable entitlement offer of new fully paid ordinary shares in Spirit at an offer price of AU$0.053 per New Share. The completion of the Retail Entitlement Offer represents the second and final stage of Spirit’s Entitlement Offer, as announced on 23 August 2024. The Entitlement Offer and Spirit’s recent placement raised proceeds of approximately AU$20 million before costs.

The company eagerly anticipates delivering on its strategic transformation to significantly enhance its national cyber capabilities alongside its newly restructured managed services business. This equity raise will support the acquisition and integration of Forensic IT.

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