- The Food Revolution Group (FOD) has received binding commitments to undertake a $4 million placement
- More than 114 million fully paid shares will now be issued to institutional and sophisticated investors at 3.5 cents
- This price represents a 16 percent discount to FOD’s closing price of 4.2 cents on November 30
- In addition to the placement, the company will be undertaking a share purchase plan (SPP) with aims to raise $500,000
- Eligible shareholders will be able to subscribe to up to $30,000 worth of shares at the same price as the placement
- FOD will use the funds to support the rollout of its Juice Lab wellness products and build brand awareness of its Original Juice Co and Juice Lab brands
The Food Revolution Group: Raises $4M for Juice Lab rollout
