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Spectra Systems Enhances Share Liquidity with Option Exercise and Legend Removal

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Spectra Systems Enhances Share Liquidity with Option Exercise and Legend Removal

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An announcement from Spectra Systems ( (GB:SPSY) ) is now available.

Spectra Systems Corporation announced the exercise of options by an employee, resulting in the issuance of 35,726 shares of common stock. The company also removed restrictive legends from 88,839 shares, facilitating their transfer to an unrestricted line. These actions are expected to enhance the company’s share liquidity and potentially impact shareholder calculations under the FCA’s Disclosure and Transparency Rules.

More about Spectra Systems

Spectra Systems Corporation is a leader in the industry of machine-readable high-speed banknote authentication, brand protection technologies, and gaming security software.

YTD Price Performance: -16.24%

Average Trading Volume: 63,860

Technical Sentiment Signal: Buy

Current Market Cap: £95.72M

For an in-depth examination of SPSY stock, go to TipRanks’ Stock Analysis page.

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