Spectur Placement – Wholesale Opportunity

Spectur Limited Placement

Wholesale Opportunity*

This Offer Is Now Closed

Offer Details

Offer Price

TBA

*Offer is at the same price as the institutional placement

Offer Details

Last traded price*

$0.051c

Offer Price

$0.036c

Reach Wholesale 708 investors have the opportunity to participate in the placement. *The placement offer price represents a discount of 29.4% per share to the company’s last traded price of $0.051 on 14th July 2022.

The significant technological moat we have created over past years, evidenced by the ~25% market share we’ve secured in our home market of Western Australia, has put us in a fantastic position to now scale our business, starting at our doorstep. There is an immediate opportunity for us to capitalise on our competitive advantages now. Our recently announced 94% year-on-year increase in weighted sales pipeline plus our successes with institutional clients like SingTel/Optus give us strong confidence that we are on the right track.

Dr Gerard Dyson – Managing director

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What is a 708 investor?

By clicking submit, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Corporate provides Corporate Advisory Services to Spectur Limited and has been engaged by them to manage their investor communications including managing this offer and may receive fees for its services.

Company Overview

Spectur makes communities safer by providing the only solar-powered and totally unwired surveillance solution that can spot a problem, make a decision and take an action – without needing people, data cables or power cords. Using artificial intelligence, Spectur’s platform can help stop theft, trespassing, illegal dumping and vandalism, and protect communities from floods, bushfires, tsunamis, storms and shark attacks. Spectur has no comparable competitors addressing these challenges, has grown to dominate its home market in WA and is used by institutions such as Optus, Surf Life Saving and the Department of Defence contractors. Targeting a near-term $300 million-plus market opportunity, Spectur aims to replicate its success in WA and is expanding across Australia, New Zealand and select US states.

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Investment
Highlights

  • The wholesale placement offer price of $0.036 per share representing a discount of 29.4% to the last traded price on 14th July 2022.
  • One (1) Bonus Option issued for every two (2) shares purchased under the Placement, at an exercise price of A$0.066 and an expiry date two years from issue.
  • The company is aiming to replicate its success in Western Australia and expand across Australia, New Zealand and select US states.
  • Funds raised will be used to finance market expansion in regional Australia, globalised modular platform development, expansion of marketing program, purchase of additional inventory to mitigate supply chain risk, and associated costs, with this next phase of growth expected to take the company through to EBITDA breakeven.
  • From FY18 to FY21, the company more than doubled its total revenue from $2.54 million to $5.24 million, despite COVID headwinds.
  • Spectur’s growth is increasing on the back of a rising percentage of recurring revenues, more institutional contracts and a record sales pipeline.

Spectur Placement Wholesale* Opportunity

Last traded price*

$0.051c

Offer Price

$0.036c

Reach Wholesale 708 investors have the opportunity to participate in the placement. *The placement offer price represents a discount of 29.4% per share to the company’s last traded price of $0.051 on 14th July 2022.

Speak to an adviser

What is a 708 investor?

By clicking submit, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Corporate provides Corporate Advisory Services to Spectur Limited and has been engaged by them to manage their investor communications including managing this offer and may receive fees for its services.

*Wholesale 708 Sophisticated Investors are individuals or entities who generally qualify under Sections 708(8) and s761G(7) of the Corporations Act based on the gross income and/or net assets test verified by a qualified accountant.

  • A gross income of $250,000 or more per annum in each of the previous two financial years; or
  • Net assets of at least $2.5 million; and
  • A verified Qualified Accountant’s certificate given no more than two (2) years ago confirming the Sophisticated Investor status.  Please refer to the Corporations Act:  Specifically Section 708(08) and Section s761G(7)

Any advice provided by Reach Markets, including on its website and by its representatives, is general advice only and does not consider your personal objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. You need to also read any relevant offer documents to understand the features, risks and returns associated with the investment to make your own informed decision.

Please click here to read our full general advice warning.

If you are thinking about acquiring a financial product, you should consider our Reach Markets Financial Services Guide (FSG) including the Privacy Statement.

Past performance is not a reliable indicator of future performance.

Reach Corporate provides Corporate Advisory Services to Spectur Limited and has been engaged by them to manage their investor communications including managing this offer and may receive fees for its services.