Tag: Moolec

Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, today reported its Business Update for the fourth quarter of Fiscal Year 2023 ended June 30, 2023. The main highlights of the Company’s business update are as follows: – Piggy Sooy(TM): introducing a soybean platform that can produce high amounts of pork protein.— The animal protein reached high expression levels of up to 26.6% of total soluble protein in soy seeds, 4x higher than initially projected by the Company.— Completed Regulatory Status Review submission from USDA-APHIS and engaged in pre-submission discussions ... Read more

Moolec Science SA (NASDAQ:MLEC; “Company”; “Moolec”), a science-based food ingredient company, announced today that it has entered into agreements to issue a convertible note due 2026 to Grupo Insud (“Insud”) in a principal amount of approximately US $21 million (the “Insud Convertible Note”) with a strike price of US $6.00 per share. The Insud Convertible Note will be issued against a cash payment of US $10 million and in-kind contributions to be made by Insud to Moolec. In-kind contributions include credits to access Insud’s state-of-the-art industrial capabilities, operational services, and the incorporation of Joint Venture participation, started with Moolec in ... Read more

Moolec Science SA ((NASDAQ:MLEC) “Company”; “Moolec”), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today an outstanding achievement in its Meat Replacements Program for the Soybean platform, as its new “Piggy Sooy” produced a significantly high amount of pork protein. Piggy Sooy The animal protein reached a high expression level up to 26.6% of total soluble protein in soy seeds, 4x higher than initially projected by the Company. The result can be directly observed due to the pink color of Moolec’s soybeans, the same color as the pig (access the picture ... Read more

Moolec Science SA (NASDAQ:MLEC) (“Company”; “Moolec”), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, announced today it has entered into a Share Purchase Agreement (“Agreement”) with Nomura Securities International, Inc. (“Nomura”). The Agreement provides for a committed equity financing facility under which the Company has the option, but not the obligation, to sell up to the equivalent of $50 million in aggregate gross purchase price of its ordinary shares to Nomura over a 36-month period, subject to the terms of the Agreement. The Company intends to use the proceeds from any future sales ... Read more

Moolec Science SA (NASDAQ:MLEC; “Company”; “Moolec”), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, announced today the acquisition of plant-based food ingredient capabilities dedicated to the production and commercialization of functional soy proteins. This will help to accelerate Moolec’s growth in the food ingredients industry by expanding its commercial network with a top-notch sales team and complementing its Molecular Farming Platform with industrial capacity, downstream operations, and a highly experienced team of professionals. “This strategic decision accelerates our business plan’s execution by combining existing commercial and manufacturing capabilities in different geographies, with the ... Read more