Wellfully: Raises nearly $3.3m for brand development

Wellfully Raises nearly $3.3m for brand development

• Wellfully (WFL) is looking to raise nearly $3.3 million through a placement and share purchase plan (SPP)
• The science-based wellness company received commitments to raise $288,000 under a placement through the issue of 3.6 million shares at eight cents each
• Up to a further $3 million will be raised through the SPP, allowing eligible shareholders to subscribe for up to $30,000 worth of shares
• The company will use the money to further develop its RÉDUIT wellness brand and its SWISSWELL joint health business
• Company shares are trading down 4.41 per cent at 6.5 cents