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Wide Open Agriculture Ltd (ASX:WOA)

ALERT: Price-sensitive ASX Announcement for WOA
Current share price for WOA : $0.009 -0.003 (-25%)+
Announcement
Release
25 May 2026 8:20AM
Price at Release
$0.012
Full Release
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Summary
Wide Open Agriculture Ltd (WOA) has announced a revised royalty agreement with Curtin University, simplifying the previous tiered royalty structure to a flat 3.5% of net sales. This change aims to support WOA's growth by reducing financial complexity and enhancing competitive pricing, facilitating an increase in production volumes and aligning both parties' interests in the commercial success of lupin protein technology. The agreement retains the original exclusivity and global scope, strengthening the company's strategy to commercialize the whole lupin seed across various applications.
Key Points
  • Agreement with Curtin University for improved royalty terms.
  • Flat 3.5% royalty replaces a complex tiered structure.
  • Simplifies financial planning and supports WOA's global market competitiveness.
  • Focus on scaling production and monetizing the whole lupin seed.
  • Retains original license terms including exclusivity and global rights.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.