Wellfully Limited (AU:WFL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Wellfully Limited, under administration, has successfully shipped 50,000 microarray units to Proctor and Gamble and is set to deliver the remaining 50,000 units in the coming months, with continued interest from P&G for future supply. The company also anticipates a significant R&D tax rebate and is in discussions with a secured creditor regarding a potential recapitalization. The fate of Wellfully will be decided at a creditors’ meeting scheduled for 26 April 2024.
For further insights into AU:WFL stock, check out TipRanks’ Stock Analysis page.