BUZZ-Australia's Spacetalk up on distribution agreement with Talius

Reuters
2024-10-01

** Shares of Spacetalk gain as much as 9.1% to A$0.024, their highest since Sept. 23

** Family safety tech firm signed a distribution agreement with special care tech provider Talius Group

** Co says TAL will buy its mobile emergency response system for seniors at wholesale price to resell; SPA to receive recurring mobile and app fee revenue from each sale

** TAL jumps as much as 14.3% to A$0.008

** Agreement announced on Monday with SPA's stock on trading halt since then

** Over 3.3 mln shares traded, ~4x the 30-day avg

** SPA down ~7% YTD, including current session, while TAL down ~27% as of 0330 GMT

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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