Bod Australia Ltd (AU:BOD) has released an update.
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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.
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