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Forbidden Foods Ltd ( (AU:FFF) ) has provided an update.
Forbidden Foods Ltd has issued 2,978,571 fully paid ordinary shares and 101,428,571 listed options following a placement announced earlier this year. This move, approved at the company’s recent Extraordinary General Meeting, aligns with their compliance with relevant provisions of the Corporations Act, indicating no undisclosed information. This issuance is part of the company’s strategy to strengthen its market position and potentially enhance shareholder value.
More about Forbidden Foods Ltd
Forbidden Foods Ltd (ASX: FFF) is a health & wellness food company focused on providing clean, sustainable, and healthy products. The company’s core brand, Blue Dinosaur®, is available in Australia and the USA.
Average Trading Volume: 8,924,734
Technical Sentiment Signal: Sell
Current Market Cap: A$4.98M
Find detailed analytics on FFF stock on TipRanks’ Stock Analysis page.