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Eden Innovations ( (AU:EDE) ) just unveiled an update.
Eden Innovations Ltd announced a revision to its shareholder entitlement offer, reducing the offer price to $0.035 per share to enhance attractiveness. The offer, structured on a non-renounceable 1-for-2 basis with additional options, aims to raise approximately $5.7 million. The funds will be used to support the global expansion of its EdenCrete® products and OptiBlend™ dual fuel system. Directors Gregory and Douglas Solomon will participate to maintain their interest levels, with applications reducing shareholder loans. The offer is open to shareholders in Australia and New Zealand, with key dates outlined for the process.
More about Eden Innovations
Eden Innovations Ltd is a company operating in the innovation sector, focusing on the development and commercialization of advanced products such as EdenCrete®, a concrete additive, and OptiBlend™, a dual fuel system for diesel-powered generators that allows for the substitution of natural gas for a significant portion of diesel fuel.
YTD Price Performance: 26.67%
Average Trading Volume: 570,893
Technical Sentiment Signal: Sell
Current Market Cap: A$7.81M
For an in-depth examination of EDE stock, go to TipRanks’ Overview page.