Bod Australia Ltd (AU:BOD) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Bod Australia Ltd has entered into a Deed of Company Arrangement (DOCA) with Biortica, proposing a backdoor listing, subject to shareholder approval and ASX listing requirements. Financially, the company reported a net cash increase from operating activities to $269k, helped by an overseas R&D tax incentive of $364k, despite a decrease in customer receipts. Looking ahead, Bod is finalizing a share purchase agreement with Biortica’s shareholders, with a shareholder meeting expected in the coming months to vote on the resolutions.
For further insights into AU:BOD stock, check out TipRanks’ Stock Analysis page.