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Why has Capricorn Invested $7 Million into Spenda Through a Share Placement? — ASX:SPX| ASX Mining News & Discussion
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$SPX Why has Capricorn Invested $7 Million into Spenda Through a Share Placement?
Capricorn's Strategic Investment in Spenda: A New Era for Payment Solutions

January 29, 2024 – In a landmark move in the fintech industry, Capricorn Society Ltd has invested $7.175 million in Spenda Limited, an emerging leader in electronic payment solutions, signaling a significant shift in the supply chain and trading network payments landscape. This investment, announced today, represents a cornerstone in Spenda's growth strategy, heralding a new chapter in its journey towards revolutionizing payment systems across various sectors.

A Bold Move: Capricorn's Cornerstone Investment

After a thorough due diligence process, Capricorn, a member-based organization deeply rooted in the automotive industry, has confidently injected $7.175 million into Spenda through a private placement. This move not only infuses substantial capital into Spenda but also marks Capricorn's ownership of 13.75% of Spenda's issued share capital.

Strategic Share Issuance

In this strategic financial maneuver, Spenda will issue 592,975,206 shares at a price of $0.0121 per share. This pricing strategy ...
Why has Capricorn Invested $7 Million into Spenda Through a Share Placement?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?