Eden Innovations plans a non-renounceable pro-rata rights offer to raise up to $3.7 million.

The offer is open to Eden shareholders on the register by June 21.

Eligible shareholders can buy one new Eden share for every two shares held at $0.002 per share, plus one free attaching option for every two shares issued.

Each option allows purchasing one Eden share at $0.009 per share until Sept. 11, 2026.