BIFOX ANNOUNCES US$60 MILLION PRE-IPO CAPITAL RAISE
MORGAN STANLEY APPOINTED AS FINANCIAL ADVISOR TO EVALUATE FUNDING ALTERNATIVES
SYDNEY, June 16, 2026 /PRNewswire/ -- Bifox Limited ("Bifox") is pleased to advise it has entered into two agreements with Fossal S.A.A ("Fossal"), to purchase all of the shares of Fosfatos del Pacífico S.A. ("Fospac"). Under the agreements, Bifox has paid US$10 million cash for 16.667% of the outstanding shares of Fospac, and has acquired a call option to purchase the remaining 83.333% of the outstanding shares for US$50 million. The acquisition of the remaining stake in Fospac is intended following completion of the planned pre-IPO capital raise, subject to customary closing conditions. All documentation associated with the acquisition is complete.
