tiprankstipranks
Wellfully Limited Navigates Administration Phase
Company Announcements

Wellfully Limited Navigates Administration Phase

Wellfully Limited (AU:WFL) has released an update.

Don't Miss our Black Friday Offers:

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.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App