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Halo Food Co. Ltd (ASX: HLF) acquires The Healthy Mummy Holdings for $17m

Halo Food Co. Ltd (ASX: HLF) has announced it has signed a binding conditional agreement to acquire 100% of the issued share capital in leading digital health and wellness business, The Healthy Mummy Holdings Pty Ltd, for $17m plus an earn-out. The Company has received binding commitments for a placement of $3.5m and will launch a Share Purchase Plan to raise up to a further $3m from existing eligible shareholders.

Following the announcement, Halo Food Co. shares tumbled 23% to $0.10/share.

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