Comvita has successfully closed a capital raise, securing $40.5 million. According to Chair Bridget Coates, the New Zealand-listed honey company is in its strongest position in recent times. The company's recent efforts included a pro-rata renounceable rights offer and a strategic placement to refinance and reduce debt. The company managed to raise just over $40 million, meeting its expectations, although it fell short of the potential $44 million. The news was reported on May 12, 2026, by Kate McVicar.