21st Oct 2021 16:24
Agronomics Ltd - invests in cellular agriculture and cultivated meat - Leads USD4 million seed funding round in California Cultured Inc, a company which uses cell technology to make cocoa products. Agronomics invests via simple agreement for future equity. "Following an approximate equity ownership of 18.33% on a fully diluted basis. Following the close of the round, Agronomics will have the right to a directorship in California Cultured. Should California Cultured not complete a qualifying financing within 12 months the SAFER will automatically convert into equity," Agronomics says.
Current stock price: 27.62 pence
Year-to-date change: up more than double from 12.00p
By Eric Cunha; [email protected]
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