FRX Innovations Inc. (V:FRXI)
Business Focus: Specialty Chemicals (NEC)
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Insider Filings
Latest 10 SEDI filings for FRXI within the last 6 months
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Company News
Sep 27, 2023 07:50 ET
FRX Board of Directors Announces Exploration of Strategic Alternatives
Boston, MA – TheNewswire
- September 27,
2023 – FRX Innovations
Inc. (TSXV:FRXI) (FSE:W2A) (OTC:FRXI) (“FRX”
or the “Company”), a leader in eco-friendly flame retardant
solutions, announces that the Company's Board of Directors has formed
a Special Committee to explore strategic alternatives to enhance value
and to accelerate the utilization of FRX’s Nofia® brand of fire
retardants. These alternatives could include, among others, possible
joint ventures, strategic partnerships, licenses or alliances, a sale
of the Company in whole or in part or other possible transactions.
Sep 05, 2023 20:16 ET
Early Warning Press Release of Evonik Venture Capital GmbH
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2023) - Evonik Venture Capital GmbH ("Evonik"), a subsidiary controlled by Evonik Industries AG, a publically-listed German company, acquired 10,004,415 common shares ("Common Shares") and 94,500 share purchase warrants (the "Warrants") in the capital of FRX Innovations Inc. (the "Company") on May 19, 2022 (the "Transaction"). The Transaction was completed in connection with a reverse-takeover transaction between Good2GoRTO Corp. (the Company's predecessor) and FRX Polymers, Inc.
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
1.29
2.92
4.26
Price to Book - most recent quarter
0.55
2.48
1.84
Price to Cash Flow per share - TTM
--
10.50
8.68
Price to Free Cash Flow per share - TTM
--
16.72
16.35
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 4,104 | 3,864 |
| Aug 31, 2023 | 240 | -38,068 |
| Aug 15, 2023 | 38,308 | 8,332 |
Business Summary
| Sector: Basic Materials | Industry: Specialty Chemicals |
FRX Innovations Inc. is a Canada-based manufacturing company. The Company produces environmentally sustainable flame-retardant products that serve markets spanning electronics, automotive, electric vehicles (EV) and medical devices. The Company is the producer of halogen-free, non-toxic and non-leaching plastic flame retardants, sold under the trade name, Nofia. Nofia products are manufactured at its manufacturing facility on the Port of Antwerp Belgium. Nofia phosphonates are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and near 100% atom efficiency. The Company produces three lines in its Antwerp Plant: homopolymers; copolymers and oligomers. In addition, it produces a water-based Nofia emulsion called W2000 through a joint development partner in China. The Company has its operations in Asia, Europe, and America. Its subsidiaries include FRX Polymers (Europe), NV, and FRX (Shanghai) Consulting Co., Ltd.
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