Sprintex Ltd has secured firm commitments to raise A$3.25 million through a placement of 65 million new shares at A$0.05 per share, with one free attaching option for every five shares subscribed, exercisable at A$0.10 on or before June 30, 2026.
The capital raise received strong backing from new institutional and sophisticated investors, as well as continued support from existing cornerstone shareholders who accounted for 47% of the total placement.
Proceeds will be used to reduce debt and strengthen working capital, enabling the company to capitalise on recent sales momentum and accelerate its strategic push into Asia-Pacific and European markets.
Key near-term initiatives include scaling up production of high-demand solutions, reconfiguring the company’s Malaysian manufacturing facility to meet growing customer demand and mitigate tariff exposure.
The placement follows several milestone achievements:
- Completion of compressor commissioning with strategic European partner Mest Water, with the first large-scale purchase order pending;
- CE certification for Sprintex’s industrial jet blowers, enabling market access in 28 additional countries;
- First orders from Euroteck Environmental Pty Ltd valued at A$359,669, part of a broader A$7 million distributor agreement; and
- Multiple new global distribution partnerships, securing minimum order commitments of A$35 million over the next five years, with further growth anticipated.
Sprintex is now well-positioned to advance its three-pronged go-to-market strategy targeting direct end-user sales, distributor channels, and private label or integrator partnerships.
“We are very pleased to have secured firm commitments for this placement, which was well supported by a network of new sophisticated investors alongside strong participation from our existing major shareholders,” Sprintex managing director and CEO Jay Upton said.
“The capital raise marks a vote of confidence in the business – both in what we have achieved over the past 12 months, and the addressable market opportunity now in front of the Company amid growing demand for our world class range of energy efficient industrial and automotive products.
“Along with reducing debt, the funds raised will provide the company with important balance sheet flexibility to capitalise on our recent momentum, with discussions now well advanced on several additional business development and distribution opportunities. We look forward to working with our major shareholders to unlock the significant value inherent in our business over the course of 2025 and beyond.”
Sprintex allocates Placement Funds to expansion, G25+ scaling, and Malaysian production shift
Sprintex will allocate funds raised through its Placement to settle $1.5 million in outstanding loans from strategic debt providers and provide $1.75 million in working capital. These funds will support the company’s expansion into Asia-Pacific and European markets and finance strategic initiatives related to its high-speed motor and compressor technology. Current distribution agreements account for a minimum global order value of $35 million over five years, with expected growth as more partners are onboarded.
A key investment focus is the scaling of the G25+ platform models, which generate 4–5 times more revenue per unit than the G15 series. These models cater to high-growth sectors such as municipal sewerage and wastewater treatment. The G25+ range includes units from 25kW to 110kW, with notable uptake from Euroteck Environmental Pty. Ltd. in India, which recently ordered eight 74kW units.
Funds will also be used to bulk-purchase components and build inventory to meet distributor demand. Additionally, the Company will reconfigure its Malaysian production facility to prioritise manufacturing of high-speed electric motors over superchargers. This shift aims to support growth, align with clean energy trends, and mitigate import tariffs on Chinese goods in key international markets.