Moolec Science Secures $21M Investment from Grupo Insud, Bolstering Its Food Ingredient Innovations
Portfolio Pulse from Benzinga Newsdesk
Moolec Science SA (MLEC) has secured a $21M investment from Grupo Insud via a convertible note due 2026. The note will be issued against a cash payment of $10M and in-kind contributions from Insud. This follows Moolec's previous agreement with Bioceres Crop Solutions (BIOX) for the supply of approximately 15,000 tons of HB4® soybeans. The total value of the convertible notes from both deals is approximately $30M.
October 17, 2023 | 12:13 pm
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Bioceres Crop Solutions has entered into a supply agreement with Moolec Science, which could increase its revenues and strengthen its business relationship with Moolec.
The supply agreement with Moolec Science could lead to increased revenues for Bioceres Crop Solutions and strengthen its business relationship with Moolec, potentially leading to future collaborations and increased stock value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
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Moolec Science has secured a significant investment and entered into strategic agreements, which could bolster its financial position and operational capabilities.
The investment from Grupo Insud and the supply agreement with Bioceres Crop Solutions could provide Moolec with additional financial resources and operational capabilities, potentially leading to growth and increased stock value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100