HomeFinTechWide Open Agriculture: Raises up to $8.5M through placement and SPP

Wide Open Agriculture: Raises up to $8.5M through placement and SPP

  • Wide Open Agriculture (WOA) has received binding commitments to raise $7 million through a placement
  • The company will issue 7,777,778 new fully paid ordinary shares to institutional and sophisticated investors at an issue price of 90 cents
  • In addition to the placement, WOA will launch a share purchase plan to raise up to $1.5 million
  • Shareholders will have the opportunity to purchase up to $30,000 worth of shares at 90 cents each
  • WOA will use the money to develop and operate its lupin protein and oat milk production facilities as well as develop an ethical meat and digital platform
  • Company shares are trading 8.41 per cent lower for 98 cents
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