Street Talk

Sprintex launches capital raising; Alpine Capital on ticket

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 25, 2025 – 11.51am

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Sprintex, a manufacturer of ultra-high-speed electric motors and clean air compressors capitalised at $35 million on the ASX, launched a $3 million placement on Tuesday morning to help pay down debt.

Fund managers were being offered shares at 5¢ apiece, a 19.4 per cent discount to the last close. It included options on a one-for-five basis, with a 10¢ strike price and expiry at the end of the 2026 financial year.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.