Overview of Eden Innovations' pro-rata rights issue results

Eden Innovations Ltd (ASX: $EDE) has successfully completed the Pro-rata Non-renounceable Rights Issue, raising $789,002 before the payment of the expenses of the issue. The Issue, made to shareholders who were on the register as at 5:00pm WST on 21 June 2024, closed on 2 August 2024, as outlined in the Prospectus dated 14 June 2024.

Executive commentary on the rights issue results

The final results of the Pro-rata Non-renounceable Rights Issue demonstrate the support and confidence of our shareholders in Eden Innovations. We appreciate their participation and contribution to the success of this initiative. The funds raised will be utilized in line with our strategic objectives and growth plans, further strengthening our position in the market.

Summary of Eden Innovations' rights issue and outlook

Eden Innovations Ltd (ASX: $EDE) has concluded its Pro-rata Non-renounceable Rights Issue, raising $789,002. The company retains the right to place the remaining shortfall shares within three months after the closing date of the Offer. The funds raised will contribute to the company's strategic initiatives and growth plans, supporting its position in the market. Shareholders' participation reflects confidence in the company's direction and future prospects.