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RiverFort Global Opportunities Plc ( (GB:RGO) ) has issued an update.
RiverFort Global Opportunities plc has entered into a sale and purchase agreement to acquire certain subsidiaries and liabilities from S-Ventures, marking a reverse takeover under AIM rules. This acquisition will transform the company into a health and wellness operating business, trading under the new name ‘Tooru plc’. The transaction includes issuing new shares and a proposed placing to raise up to £1 million, with firm commitments already received for £0.5 million. The acquisition aims to enhance shareholder value and leverage the strong brand portfolio of S-Ventures, which includes plant-based and gluten-free products, to drive future growth and profitability.
More about RiverFort Global Opportunities Plc
RiverFort Global Opportunities plc is a company listed on AIM that is transitioning from an investing company to an operating business. It focuses on health and wellness products, including plant-based snacks, protein bars, and gluten-free foods, through subsidiaries such as We Love Purely Limited, Pulsin Ltd, and Juvela Limited. The company is also involved in digital marketing services through Market Rocket Limited.
Technical Sentiment Signal: Sell
Current Market Cap: £1.71M
Learn more about RGO stock on TipRanks’ Stock Analysis page.