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Wide Open Agriculture Ltd. ( (AU:WOA) ) has shared an update.
Wide Open Agriculture Ltd. has announced a successful capital raising of $2.6 million through a placement, with plans to raise an additional $500,000 via a Share Purchase Plan. The funds will be utilized to accelerate the company’s market expansion, particularly targeting the Chinese market, and to further commercialize its lupin protein isolate, which has already seen initial global sales.
More about Wide Open Agriculture Ltd.
Wide Open Agriculture Ltd. is a company focused on creating ingredients for food and drink products that aim to build a better future for people and the planet. The company is involved in the commercialization of lupin protein isolate, with a market focus that includes a strategic entry into the Chinese consumer market.
Average Trading Volume: 14,160,674
Technical Sentiment Signal: Sell
Current Market Cap: A$13.88M
For an in-depth examination of WOA stock, go to TipRanks’ Stock Analysis page.