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NGS Advances Sprout Organic Deal with $2.5M Placement to Fuel Growth

9:58am on Friday 31st of July, 2026 AEST Health Care
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NGS Advances Sprout Organic Deal with $2.5M Placement to Fuel Growth

9:58am on Friday 31st of July, 2026 AEST
Key Points
  • Sprout Organic acquisition announced for A$8 million via share issue
  • A$2.5 million placement secured to fund growth and integration
  • Operating cash outflows halved to US$195k with inventory investment
  • Debt-free balance sheet maintained with US$290k cash on hand
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