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Bod Australia Ltd ( (AU:BOD) ) just unveiled an announcement.
Bod Science Limited has reported a net cash outflow of $576k from operating activities for the quarter ending September 2025, with customer receipts totaling $540k. The company is undergoing a restructuring process under a DOCA with Biortica Agrimed Limited, which includes a Share Purchase Agreement to acquire Biortica’s shares. The completion of this process is contingent on shareholder approvals and compliance with ASX Listing Rules, with an extraordinary general meeting expected to be convened by late November 2025. This restructuring aims to stabilize Bod’s financial position and enhance its market presence.
More about Bod Australia Ltd
Bod Science Limited is a cannabis-focused distribution company based in Sydney, Australia. The company is currently operating under a Deed of Company Arrangement (DOCA) with Biortica Agrimed Limited, indicating a focus on restructuring and potential acquisition activities.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.26M
For a thorough assessment of BOD stock, go to TipRanks’ Stock Analysis page.