This transaction is a good thing for Spenda!
- Increase unrestricted cash and therefore increase cash runway.
- reduce balance sheet exposure to bad debts.
- refocus on core business activites.
- reduce headcount/costs/dead weight.
- can focus on selling Airplus facilities to customers top use via Spenda AP and get commissions on facilities without balance sheet exposure.
- get commissions from referring invoice financing customers to Grapple with no risk to SPX.
- reduction in lending revenue is being replaced with Airplus revenues and new revenues coming on from Cap program rollouts.
Ann: Spenda Executes Sale Agreement for Invoice Finance Portfolio, page-38
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.30M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $3.71K | 544.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 6590365 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 12967343 | 20 |
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| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| SPX (ASX) Chart |