Australia's Spenda hits near 9-month high on Capricorn Society deal

Spenda

17/10/2023 01:34

** Shares of Spenda  SPX.AX  jump as much as 23.1% to
A$0.016, hitting their highest level since Jan 24
    ** The payment services firm says it has signed a binding
term sheet for a 10-year service agreement with Capricorn
Society Ltd 
    ** Says term sheet for provision of software and e-commerce
payments infrastructure
    ** Adds that on or before Jan 31, Capricorn may subscribe
for up to 412 mln of co's shares via a private placement at
A$0.0175 per share, a 34.6% premium to last close on Oct 16 
    ** Shares post their biggest intraday pct gain since Sept 27
    ** About 12.9 mln shares exchange hands vs the 30-day
average of 5.6 mln shares 
    ** SPX up 18.2% YTD, as of last close 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))