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- Wide Open Agriculture (WOA) has ended the week in back-to-back trading halts ahead of an upcoming capital raise
- At this point in time, is unclear how much the company plans to raise and where the money will go
- Company shares will be paused until Thursday, October 8, or when more details are released to the market
- In August, the company secured 200 kilograms of lupin ahead of its pilot program for its plant-based protein project
- Wide Open last traded for $1.07 per share on October 1
Wide Open Agriculture (WOA) has ended the week in back-to-back trading halts ahead of an upcoming capital raise.
So far, the company has not provided any details about how much it plans to raise and where the money will go.
The two trading halts mean company shares will be paused until Thursday, October 8, or when more details are released to the market.
In August, the company secured 200 kilograms of lupin ahead of its pilot program for its plant-based protein project. Later, the company explained its plan to create the lupin protein.
Wide Open said this decision was triggered by climate change, animal-welfare concerns and wellness interest consumers who are looking for an alternative source of protein for their diets.
Last month, WOA’s Joint Company Secretary, Lydia Fee, stepped down from her role. She served with the company in the position for four years. Now, Sam Wright will continue as the sole Company Secretary. He’s been working with Lydia since 2016.
Wide Open last traded for $1.07 per share on October 1.
