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SPRINTEX LIMITED — Capital/Financing Update 2025
Jan 1, 2025
65799_rns_2025-01-01_7e3a1b7b-e248-41dc-b523-16dfc0132783.pdf
Capital/Financing Update
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Sprintex Limited ABN: 38 106 337 599 ASX: SIX
ASX RELEASE
2 January 2025
Lapsing of Unlisted Options and Shortfall Shares under
Underwriting Agreement
Sprintex Limited (ASX: SIX) ( Sprintex or Company ) advises that the following unlisted options have lapsed on 31 December 2024:
| ASX Unquoted Securities | Number of Options | Exercise Price |
|---|---|---|
| SIXAB | 12,871,111 | $0.075 |
The balance of unlisted options (ASX: SIXAB) is NIL.
Further to the Underwriting Agreement dated 17 December 2024 between China Automotive Holdings Limited and Sprintex (“Agreement”), as announced on 18 December 2024, the number of Shortfall Shares under the Agreement is 12,871,111.
The indicative timetable showing the remaining key dates for the Agreement is set out below:
| Activity | Date |
|---|---|
| Shortfall Notification Date | Wednesday, 8 January 2025 |
| Shortfall Settlement Date | Wednesday, 15 January 2025 |
| Issue Date | Tuesday, 21 January 2025 |
| Expected Date of ASX Quotation of Securities | Wednesday, 22 January 2025 |
This ASX announcement has been authorized for release by the Board of Sprintex Limited.
For further information:
Sprintex Limited
Jay Upton Managing Director
P: +61 8 9262 7277 E: [email protected]
MMR Corporate Services Pty Ltd Level 5, 52 Phillip Street Sydney, NSW 2000 Australia P: +61 2 9251 7177 E: [email protected]
283 Rokeby Road Subiaco WA 6008 Phone: +61 8 9262 7277 Email: [email protected] URL: www.sprintex.com.au
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About Sprintex
Sprintex is a clean air compressor engineering, research, product development, and manufacturing company, incorporated in Australia in 2003. Sprintex designs and manufactures electric and mechanically driven clean air compressors for a wide variety of applications, including:
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Combustion engines where Sprintex sells Sprintex® twin screw superchargers and supercharger systems in the automotive aftermarket and OEM market in Australia, Asia, Africa, the Middle East, and the United States.
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Hydrogen fuel cells requiring a constant flow of oxygen-rich air.
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Industrial oil-free clean air applications, including wastewater treatment.
Forward Looking Statements
This announcement contains ‘forward-looking information’ that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the Company’s business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations and related expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’ and similar expressions. Persons reading this announcement are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.