Australia's SPC Global loses most in over 13 years on discounted equity raise

SPC Global Holdings

14/05/2026 04:20

** Shares of SPC Global SPG.AX fall as much as 60.9% to A$0.135, their worst intraday pct drop since February 2, 2013

** Stock hits its lowest level since August 6, 2024

** The food and beverage company launches fully underwritten placement to new and existing investors to raise ~A$2.9 million ($2.10 million)

** Issue price of A$0.10 per share represents a discount of 71% to stock's last close

** Also launches fully underwritten 1 for 0.1993 pro rata renounceable entitlement offer to raise ~A$97.1 million at the same issue price

** About 1.3 million shares change hands, 18.9 times the 30-day avg

** Stock down 67.1% YTD, including the session's moves

($1 = 1.3795 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))