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Eden Innovations ( (AU:EDE) ) has issued an update.
Eden Innovations has issued 7,142,857 fully paid ordinary shares to Noble Energy Pty Ltd as the second tranche of an agreed share placement, and a further 57,142,856 fully paid ordinary shares to Arkenstone Pty Ltd and March Bells Pty Ltd, entities associated with directors Greg Solomon and Doug Solomon, in repayment of loans. The company confirmed that these placement and loan repayment shares were issued without the need for a prospectus under the Corporations Act disclosure provisions and that it remains compliant with its financial reporting and continuous disclosure obligations, with no additional undisclosed information required at this time, clarifying the regulatory status of the new equity for existing and new shareholders.
The most recent analyst rating on (AU:EDE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Eden Innovations stock, see the AU:EDE Stock Forecast page.
More about Eden Innovations
Eden Innovations Ltd (ASX: EDE) is an Australian-listed company engaged in technology and innovation, with its operations and corporate headquarters based in Perth, Western Australia, and its capital market activity focused on the Australian Securities Exchange.
YTD Price Performance: 50.0%
Average Trading Volume: 1,049,816
Technical Sentiment Signal: Sell
Current Market Cap: A$19.94M
Find detailed analytics on EDE stock on TipRanks’ Stock Analysis page.