Spacetalk Limited announces closure of shortfall facility

Spacetalk Limited (ASX: $SPA) has closed the Non-Renounceable Rights Issue Shortfall Facility after receiving valid applications for shares totaling $144,240, including an application from Chair Georg Chmiel for a further investment of $100,000. The Company will hold an Extraordinary General Meeting on 24 January 2024 to consider the issuance of the associated shares and options to Mr Chmiel (or his nominee).

Executive Commentary on Spacetalk's Non-Renounceable Rights Issue Shortfall Closure

The closure of the Non-Renounceable Rights Issue Shortfall Facility marks a positive step for Spacetalk Limited. We are pleased with the response received, including the additional investment from Chair Georg Chmiel. This demonstrates confidence in the company's direction and future prospects. We look forward to the Extraordinary General Meeting and the potential issuance of shares and options to Mr Chmiel (or his nominee).

Summary of Spacetalk's Announcement and Outlook

Spacetalk Limited (ASX: $SPA) has successfully closed the Non-Renounceable Rights Issue Shortfall Facility after receiving valid applications for shares totaling $144,240, with an additional investment of $100,000 from Chair Georg Chmiel. The Company will hold an Extraordinary General Meeting on 24 January 2024 to consider the issuance of the associated shares and options to Mr Chmiel (or his nominee). Spacetalk's unique proprietary ecosystem continues to position it as a leader in family safety and the connected wearables industry. The closure of the shortfall facility reflects positive investor interest and confidence in the company's future. Looking ahead, the potential issuance of shares and options to Mr Chmiel (or his nominee) at the Extraordinary General Meeting signifies a significant development in Spacetalk's corporate strategy.