RTO Article9 May 2025 15:48
riverfort global opportunities has struck a deal to acquire a portfolio of health and wellness businesses from s-ventures, in a reverse takeover that will see the aim-listed investment vehicle transform into an operational company trading under the new name tooru plc. the acquisition includes plantain snack brand we love purely, protein bar manufacturer pulsin, gluten-free foods specialist juvela, and e-commerce consultancy market rocket.
the transaction is expected to deliver immediate revenue streams and operating cashflow, with riverfort’s board positioning the deal as a direct response to long-standing investor frustration. a placing of up to £1m at 0.75p per share has been launched to support the transaction, with £0.5m already committed. in total, over 825 million new shares will be issued across consideration, debt conversion and advisory fees. scott livingston, founder of s-ventures, will join the board and emerge as a significant shareholder, prompting a rule 9 waiver request to sidestep a mandatory offer under the takeover code.
https://www.**********.co.uk/articles/riverfort-secures-wellness-brands-in-reverse-takeover-and-restores-trading-on-aim-c1eeda5/