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Firebrick Pharma Limited ( (AU:FRE) ) has provided an announcement.
Firebrick Pharma Limited has issued 647,452 ordinary fully paid shares upon the exercise of unlisted options at an exercise price of $0.0233 per share. This move aligns with the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic step in its financial operations without requiring additional disclosure to investors. The issuance of these shares could potentially enhance the company’s financial flexibility and support its ongoing expansion efforts in the pharmaceutical industry.
More about Firebrick Pharma Limited
Firebrick Pharma is a pharmaceutical innovator focused on developing and commercializing novel formulations and uses of povidone-iodine (PVP-I). The company has developed Nasodine Nasal Spray and is expanding its market presence in the United States, Singapore, Fiji & South Pacific, with plans to launch in the Philippines in 2026.
Average Trading Volume: 89,877
Technical Sentiment Signal: Hold
Find detailed analytics on FRE stock on TipRanks’ Stock Analysis page.