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 Agrimed Limited, marking a significant step in their financial restructuring process. The DOCA, which includes a $380,000 creditor contribution and a strategy for BOD to potentially acquire Biortica, is subject to several conditions including ASX approval for a Backdoor Listing. Throughout this deed administration phase, BOD will remain suspended from trading.
For further insights into AU:BOD stock, check out TipRanks’ Stock Analysis page.