- Food and farming specialist Wide Open Agriculture (WOA) has pocketed $1.5 million from shareholders through a heavily oversubscribed share purchase plan
- The company announced the plan in October to go hand-in-hand with a $7 million placement to institutional investors
- While Wide Open Agriculture only sought $1.5 million from the purchase plan, it received applications for almost $4.1 million
- Today, however, the company said it has scaled back applications and will only keep $1.5 million
- The fresh funding brings WOA’s cash position to $14.2 million — enough to develop two major manufacturing facilities and upgrade sales and marketing
- Shares in Wide Open Agriculture are trading over 3 percent higher today and worth 94 cents each
