Announcement • Mar 06
Spenda Limited has filed a Follow-on Equity Offering in the amount of AUD 1.4 million. Spenda Limited has filed a Follow-on Equity Offering in the amount of AUD 1.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 415,000,000
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 285,000,000
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 04
First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2025) First half 2026 results: AU$0.001 loss per share (improved from AU$0.002 loss in 1H 2025). Revenue: AU$4.19m (down 15% from 1H 2025). Net loss: AU$6.04m (loss narrowed 36% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. New Risk • Feb 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.7m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$16.3m market cap, or US$11.6m). New Risk • Jan 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Earnings have declined by 5.8% per year over the past 5 years. Market cap is less than US$10m (AU$13.5m market cap, or US$9.04m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Dec 10
Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 1.4 million. Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 1.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 540,000,000
Price\Range: AUD 0.0025
Discount Per Security: AUD 0.00015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.0025
Discount Per Security: AUD 0.00015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.03m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 5.8% per year over the past 5 years. Market cap is less than US$10m (AU$13.8m market cap, or US$9.03m). Reported Earnings • Oct 05
Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2024) Full year 2025 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in FY 2024). Revenue: AU$11.1m (up 106% from FY 2024). Net loss: AU$24.3m (loss widened 84% from FY 2024). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Spenda Limited, Annual General Meeting, Nov 26, 2025 Spenda Limited, Annual General Meeting, Nov 26, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2024) Full year 2025 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in FY 2024). Revenue: AU$11.1m (up 106% from FY 2024). Net loss: AU$24.3m (loss widened 84% from FY 2024). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Spenda Limited announced that it expects to receive $2.2729 million in funding from Obsidian Global GP, LLC Spenda Limited announced a private placement for Convertible Loan Facility for the proceeds of $2,272,900 on August 18, 2025. The transaction involves participation of Obsidian Global GP, LLC as an investor. $1.25 Million upon execution, $500,000 available for Company to draw down. and $1.75 Million after 6 months upon mutual agreement subject to shareholder approval. The maturity is 2 years from closing and bears no Interest. After September 15, 2025, the Investor shall have right to request a placement of up to 100,000,000 shares from the company. Facility is secured by a general charge over Company, subordinated to Capricorn and conversion price is $0.015. The Company will issue 20,000,000 Options to the Investor with an exercise price of $0.0175 per Option expiring three years from the date of issue. Legal fees is to $20,000 and $50,000 paid in cash or shares at the Company’s election on the Execution Date as investment fees.
Ob the same day company closed the first tranche of $974,100 ( AUD 1,500,000) matures on August 18, 2027. Board Change • May 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Independent Chairman Peter Richards was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 21
Spenda Limited Announces Howard Digby Steps Down as Non-Executive Director The Board of Spenda Limited advised that Mr. Howard Digby, who retires by rotation at the Annual General Meeting to be held on November 21, 2024, will not seek re-election and will step down from the Board effective from the end of the AGM. Mr. Digby has been a non-executive director since 2019. At the AGM, Re-election of Howard Digby, has been withdrawn as an item of business. Announcement • Sep 20
Spenda Limited (ASX:SPX) completed the acquisition of Limepay Pty Ltd. Spenda Limited (ASX:SPX) signed a binding Share Sale Agreement to acquire Limepay Pty Ltd for AUD 8.8 million on July 16, 2024. Spenda will issue 508.27 million shares. The consideration consist of 4 tranches Spenda will issue 205 million shares as first tranches and for the second earnout consideration it will issue 59 million share and for the rest payment of AUD 4.8 it will also issue shares. The transaction is conditional upon no material adverse condition having occurred or arisen in relation to Limepay, each of the key employees entering into new employment agreements with Spenda or an entity designated by it, all necessary ASX approvals, regulatory, shareholder and other approvals being obtained in connection with the Transaction such that all required shareholder approvals have been obtained for the issue of the consideration shares, demonstration to the Company’s reasonable satisfaction that Limepay has cleared all, and as at the Completion date will have no, outstanding liabilities owing to Limepay directors, including in respect of director’s loans, director’s expenses, director’s funding interest payments due and unpaid salaries. The expected completion of the transaction is September 1, 2024 to September 30, 2024.
Spenda Limited (ASX:SPX) completed the acquisition of Limepay Pty Ltd on September 20, 2024. Announcement • Sep 13
Spenda Limited, Annual General Meeting, Nov 21, 2024 Spenda Limited, Annual General Meeting, Nov 21, 2024. Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in FY 2023) Full year 2024 results: AU$0.003 loss per share (in line with FY 2023). Net loss: AU$13.2m (loss widened 20% from FY 2023). Revenue is forecast to grow 79% p.a. on average during the next 2 years, compared to a 15% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Jul 16
Spenda Limited (ASX:SPX) entered into binding term sheet to acquire Limepay Pty Ltd for AUD 6.65 million. Spenda Limited (ASX:SPX) entered into binding term sheet to acquire Limepay Pty Ltd for AUD 6.65 million on July 16, 2024. The consideration consist of 4 tranches Spenda will issue 205 million shares as first tranches and for the second earnout consideration it will issue 59 million share and for the rest payment of AUD 4.8 it will also issue shares. The expected completion of the transaction is September 1, 2024 to September 30, 2024. Announcement • May 29
Spenda Limited Announces Appointment of Andrew Kearnan as A Non-Executive Director Spenda Limited announce the appointment of Andrew Kearnan as a Non-Executive Director of the Company. He is the nominee director of the Company's major shareholder, Capricorn Society Limited, and his appointment was fully endorsed by the Spenda Board. Mr. Kearnan is also currently a Director of Teachers Mutual Bank Limited (Deputy Chair), PetSure Australia Limited (Chair), UniMutual Limited (Chair) and Nimble Money Limited. Mr. Kearnan has held senior, executive or non-executive director positions at leading financial service sector and investment market businesses like Bank of America, Merrill Lynch, Commonwealth Bank of Australia, Hollard Insurance and RACQ. He is a past Member of the Australian Accounting Standards Board and was consistently rated as one of Australia's top equity market research analysts in the financial service sector during an 18-year investment banking career. His corporate advisory business has provided financial, strategic and capital markets advice to financial service companies across the maturity spectrum, including ASX listed companies. He is a Graduate of the AICD Company Directors course, has an MBA and an Honours degree in Science (Biochemistry). New Risk • May 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (32% increase in shares outstanding). Revenue is less than US$5m (AU$4.4m revenue, or US$3.0m). Market cap is less than US$100m (AU$34.6m market cap, or US$23.0m). Announcement • Jan 29
Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 7.175 million. Spenda Limited has completed a Follow-on Equity Offering in the amount of AUD 7.175 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 592,975,206
Price\Range: AUD 0.0121
Transaction Features: Subsequent Direct Listing Announcement • Sep 29
Spenda Limited Appoints David Laird as Non-Executive and Independent Director Spenda Limited announced the appointment of David Laird to the Board of Directors as a Non-Executive and Independent Director of the Company. David is a seasoned Payments Industry Professional with over 25 years' experience in developing and deploying technology to solve complex client problems. As an Institutional Banker, he developed and implemented solutions for Government and many of Australia's largest companies. His experience extends to commercial, legal and technical negotiations. David is a foundation team member and shareholder in Fintech company DataMesh, who have developed and certified a cloud based Merchant Acquiring switch and proprietary android EFTPOS terminal software and are actively deploying solutions in market. Servicing a suite of Institutional clients and major Australian Banks, DataMesh works with retailers and acquirers to enhance their relationships and capabilities. Also an independent consultant, David advises on the full spectrum of Transaction Banking, including Payments (inward and outward) and Liquidity Management for major enterprises requiring specialist advice and knowledge. His experience has included senior customer facing roles at ANZ and Commonwealth Bank and the world of Fintech. Holding a degree in eCommerce, David has lectured Information Systems for Business at Deakin University's Faculty of Business and Law as part of their MBA /MPA programs. Announcement • Sep 18
Spenda Limited Launches PayFac Services Spenda Limited announced that following an eight-month program of works, the Company has now launched its PayFac merchant payment services. These new payment services complement and enhance the Company's existing Business-to-Business (B2B) and Business-to-Consumer (B2C) payment rails as well as the Company's current and planned future lending services. The PayFac launch unlocks improved efficiency for the Company that includes: Removing the duplicate sharing of compliance data when the Company bundles multiple service lines; The enablement of credit approval for both payments and lending in the same process (assuming customer eligibility); A reduction of Spenda's compliance costs; A reduction of Spenda's data breach risk; andA reduction in the cost of issuing and the enablement of the standardisation of Customer statements. PayFac services will be rolled out into Spenda's existing customer network as an upgrade offer while simultaneously being offered to new customer programs as a solution to reduce operating costs, increase loyalty and drive Spenda's total customer value. The Company anticipates growing the initial $1m ARR, as new implementation programs are delivered. An important point to note is that the lead time to revenue generation from these services is relatively short, therefore, the Company will update the market as it observes material increases in the run rate or sign up new customers or partner networks which lift ARR estimates to higher maintainable levels. As previously announced, existing customer networks such as Carpet Court have been or will be offered PayFac payment services. The launch of the PayFac capabilities provides Spenda and its partners with a substantial merchant acquisition and revenue opportunity that it believes will demonstrate Spenda's unparalleled competitive position as a payments company, with an ability to aggregate entire vertical markets and monetise flows from consumer to retailer all the way through to primary producer. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.016 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (improved from AU$0.016 loss in FY 2022). Net loss: AU$11.0m (loss narrowed 78% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.4m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (AU$2.6m revenue, or US$1.7m). Market cap is less than US$100m (AU$27.5m market cap, or US$17.9m). Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (in line with 1H 2022). Net loss: AU$5.67m (loss narrowed 5.2% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Non-Executive Independent Chairman Peter Richards was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 27
Spenda Limited, Annual General Meeting, Nov 25, 2022 Spenda Limited, Annual General Meeting, Nov 25, 2022, at 14:00 AUS Eastern Standard Time. Location: Karstens Sydney, Level 1, 111 Harrington St, The Rocks, NSW, 2000. Sydney Australia Agenda: To receive and to consider the Annual Financial Report for the financial year ended 30 June 2022 together with the declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report for that financial year; to consider the Adoption of Remuneration Report; and to discuss other matters. Announcement • Sep 19
Spenda Limited(ASX:SPX) dropped from S&P/ASX Emerging Companies Index Spenda Limited(ASX:SPX) dropped from S&P/ASX Emerging Companies Index Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.016 loss per share (vs AU$0.006 loss in FY 2021) Full year 2022 results: AU$0.016 loss per share (down from AU$0.006 loss in FY 2021). Net loss: AU$50.2m (loss widened 340% from FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive Independent Chairman Peter Richards was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Oct 09
MD & Executive Director exercised options to buy AU$367k worth of stock. On the 7th of October, Adrian Floate exercised options to buy 6m shares at a strike price of around AU$0.025, costing a total of AU$161k. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. Since December 2020, Adrian's direct individual holding has increased from 59.47m shares to 282.86m. Company insiders have collectively sold AU$204k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.006 loss per share (vs AU$0.01 loss in FY 2020) Full year 2021 results: Net loss: AU$11.4m (loss widened 53% from FY 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Cirralto Limited completed the acquisition of Invigo Pty Ltd. Cirralto Limited (ASX:CRO) agreed to acquire Invigo Pty Ltd for AUD 7 million on July 5, 2021. Under the terms of agreement Cirralto will issue approximately 130 million shares to Invigo shareholders. Andy Hilton will join Cirralto’s Executive Leadership Team and Corrie Hassan will assume an executive managerial role within the Cirralto. The agreement can be terminated if Conditions are not satisfied or validly waived by the Cirralto by August 31, 2021. The deal is subject consummation of due diligence, approval from regulatory board, execution of employment agreement and shareholder approval.
Cirralto Limited completed the acquisition of Invigo Pty Ltd on July 26, 2021. All conditions have been satisfied. Announcement • Jul 06
Cirralto Limited (ASX:CRO) agreed to acquire Invigo Pty Ltd for AUD 7 million. Cirralto Limited (ASX:CRO) agreed to acquire Invigo Pty Ltd for AUD 7 million on July 5, 2021. Under the terms of agreement Cirralto will issue approximately 130 million shares to Invigo shareholders. Andy Hilton will join Cirralto’s Executive Leadership Team and Corrie Hassan will assume an executive managerial role within the Cirralto. The agreement can be terminated if Conditions are not satisfied or validly waived by the Cirralto by August 31, 2021. The deal is subject consummation of due diligence, approval from regulatory board, execution of employment agreement and shareholder approval. Announcement • Jun 04
Cirralto Limited (ASX:CRO) completed the acquisition of Appstablishment Software Group Pty Ltd from Rare Air Nominees Pty Ltd. Cirralto Limited (ASX:CRO) entered into a binding share sale agreement to acquire Appstablishment Software Group Pty Ltd from Rare Air Nominees Pty Ltd and others for AUD 6.6 million on December 6, 2019. Cirralto Limited will issue 825 million shares as consideration for the acquisition. The transaction will bring ownership of Spenda and SYNK’D platforms to Cirralto. Upon completion of the acquisition, Appstablishment Software Group Pty Ltd’s founders, Adrian Floate and Francis DeSouza will hold approximately 38% of Cirralto Limited’s voting rights. Rare Air Nominees Pty Ltd, which is associated with Cirralto Limited’s existing Directo, Adrian Floate whose associated entities presently holds 8.5% of Cirralto Limited, holding will increase to above 20%. The due diligence work related to the transaction was funded through a private placement of 82 million new shares at an issue price of AUD 0.007 per share to raise AUD 0.574 million. The acquisition is subject to shareholder approval, obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules and Corporations Act, and other material conditions. Cirralto Limited’s shareholder’s meeting is scheduled on February 26, 2019. The transaction has been approved by the shareholders of Cirralto Limited in a general meeting held on May 20, 2021. The transaction is expected to close by February 28, 2020. As of April 19, 2021, the transaction is expected to close on May 27, 2021.
Cirralto Limited (ASX:CRO) completed the acquisition of Appstablishment Software Group Pty Ltd from Rare Air Nominees Pty Ltd on June 4, 2021. Recent Insider Transactions Derivative • Mar 02
Independent Chairman exercised options and sold AU$213k worth of stock On the 26th of February, Peter Richards exercised 4.50m options at around AU$0.054, then sold 3m of the shares acquired at an average of AU$0.13 per share and kept the remainder. Since June 2020, Peter's direct individual holding has increased from 13.94m shares to 23.64m. Company insiders have collectively sold AU$363k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 22
Cirralto Limited Announces Software Release & BPSP/BPA Testing Update Cir alto Limited updated the market on the implementation and testing of the MasterCard Business Payment Aggregator (BPA) and the Visa Business Payment Solution Provider (BPSP) agreements with Fiserv previously announced on 7 December 2020 and 14 December 2020. In addition, the Company announced the launch of MySpenda, the user interface of the Company's Spenda digital payment stack. BPSP /BPA UPDATE: On February 3rd the Company commenced live production testing of `customer to supplier' payments utilising its newly established BPSP and BPA merchant services. The Company has been processing production payments for the past fortnight with a specific focus on security, transaction value, general ledger integration and merchant funding speed. These initial tests have provided valuable insight and enabled the Company to resolve issues and refine the user experience ahead of commercial launch. These software changes resulted in a system update on the 17th of February. Phase 2 testing has now commenced. These tests will place further focus on proving the impact of Reconciliation and Reporting enhancements that have been developed. It is expected that Phase 2 testing will be completed by the end of February and the Company can then start processing more production transactions for a wider customer set. The Company will be in a position to announce its formal release plan once these tests are completed. Myspenda Platform: Spenda is a feature-based payments product that integrates business processes that happen before and after the payment event adding value up and down the supply chain to consumers, retailers, wholesalers and manufacturers. The product delivers value with digital collaboration that removes the start /stop out of the quote to payment lifecycle, linking any buyer and seller together so they operate from one single version of the digital truth. To support this vision, the planning and development of a user interface that allows customers to navigate between various business scenarios has been developed as part of the new MySpenda feature suite. Recent Insider Transactions Derivative • Jan 26
MD & Executive Director exercised options to buy AU$390k worth of stock. On the 25th of January, Adrian Floate exercised options to buy 5.65m shares at a strike price of around AU$0.025, costing a total of AU$142k. This transaction amounted to 10% of their direct individual holding at the time of the trade. Since June 2020, Adrian's direct individual holding has increased from 55.87m shares to 59.47m. Company insiders have collectively sold AU$231k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jan 26
MD & Executive Director recently sold AU$423k worth of stock On the 25th of January, Adrian Floate sold around 6m shares on-market at roughly AU$0.073 per share. This was the largest sale by an insider in the last 3 months. Adrian has been a seller over the last 12 months, reducing personal holdings by AU$382k. Announcement • Dec 24
Cirralto Limited, Annual General Meeting, Jan 28, 2021 Cirralto Limited, Annual General Meeting, Jan 28, 2021, at 14:00 W. Australia Standard Time. Location: The Celtic Club, 48 Ord Street, West Perth Western Australia Australia Agenda: To discuss Financial statements and reports; to discuss Adoption of Remuneration Report; to discuss Re-election of Peter Richards as a Director; to discuss Ratification of Prior Issue of Shares to Canary Capital Pty Ltd under Listing Rule 7.1; to discuss Ratification of Prior Issue of Shares to Canary Capital Pty Ltd and CPS Capital Group Pty Ltd under Listing Rule 7.1; to discuss Ratification of Prior Issue of Options to Canary Capital Pty Ltd and CPS Capital Group Pty Ltd under Listing Rule 7.1; to discuss Ratification of Prior Issue of Shares under Listing Rule 7.1A; to discuss Ratification of Prior Issue of Shares to KAAI Capital under Listing Rule 7.1; and to discuss Ratification of Prior Issue of Listed Options to KAAI Capital under Listing Rule 7.1. Announcement • Oct 27
Cirralto Limited Announces the Appointment of Richard Jarvis as Chief Financial Officer, Effective from 1 November 2020 Cirralto Limited announced that it has strengthened its senior management personnel with the appointment of Richard Jarvis as Chief Financial Officer (CFO), with effect from 1 November 2020. Reported Earnings • Oct 15
Full year earnings released - AU$0.01 loss per share Over the last 12 months the company has reported total losses of AU$7.44m, with losses widening by 23% from the prior year. Total revenue was AU$341.3k over the last 12 months, down 49% from the prior year. Announcement • Aug 14
Cirralto Limited announced that it expects to receive AUD 2.712 million in funding Cirralto Limited (ASX:CRO) announced a private placement of 271,200,000 fully paid ordinary shares at a price of AUD 0.01 for gross proceeds of AUD 2,712,000 on August 14, 2020. The transaction will include participation from institutional and sophisticated investors. The transaction will also include participation from the board for 7,000,000 shares for AUD 70,000 and management of the company subscribing to 1,200,000 shares for AUD 12,000 in the transaction. The director participation is subject to shareholder approval to be sought at the next general meeting of the company. The transaction was oversubscribed under which the company had initially planned to raise AUD 2,000,000. The transaction is expected to close on August 17, 2020. Announcement • Jun 16
Cirralto Limited announced that it expects to receive AUD 0.6 million in funding Cirralto Limited (ASX:CRO) announced that it has entered into a convertible securities agreement with key major shareholders for gross proceeds of AUD 600,000 on June 8, 2020. The company will issue 600,000 convertible notes at a face value of AUD 1 per note. The notes are convertible into 120,000,000 common shares at a fixed conversion price of AUD 0.005. The conversion of notes is subject to the approval of the shareholders. Any notes not converted will be redeemed by the company. The notes bear a rate of interest of 10% per annum. The company will not pay any interest for first 60 days. The notes will mature 16 months from the issuance date. The transaction is subject to the the approval of the shareholders at a general meeting. 
