Post by icemandios on Jan 3, 2023 14:46:13 GMT
Molecular Farming Company Moolec Science Starts Trading on Nasdaq After Successful Closing of Business Combination
Moolec Science Ltd. and LightJump Acquisition Corporation closed their business combination agreement on December 30, 2022, resulting in Moolec UK and LightJump becoming wholly-owned subsidiaries of Moolec Science SA.
Moolec Science will start trading on Nasdaq Capital Markets today under the tickers "MLEC” and “MLECW” for its common shares and warrants, respectively.
Moolec Science is a category creator in the alternative protein ecosystem using Molecular Farming, a disruptive technology producing animal proteins within plants.
LUXEMBOURG, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Moolec Science Ltd., a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming (“Moolec UK”), and LightJump Acquisition Corporation, a publicly traded special purpose acquisition company (“LightJump”), have completed their previously announced business combination which was approved at the special meeting of LightJump stockholders on December 27, 2022. Pursuant to the transactions contemplated by the business combination agreement, Moolec UK and LightJump became wholly-owned subsidiaries of Moolec Science SA, a Luxembourg company incorporated for the purposes of the business combination (“Moolec Science”).
Beginning today, on January 3, 2023, Moolec Science’s ordinary shares and warrants will begin trading on the Nasdaq Capital Market under the ticker symbols "MLEC” and “MLECW”, respectively .
“We are very proud of our team for listing Moolec in one of the most prestigious tech exchanges without neglecting our science and operations. Moolec will become the first Molecular Farming Food-Tech company trading in public markets, which further highlights our category creator status. This is a step closer towards building a more resilient and sustainable food system, using science in food to set up a better future,” said Gastón Paladini, Chief Executive Officer, Director, and Co-Founder of Moolec Science.
The Company will ring the closing bell at Nasdaq in New York City on January 17, 2023, to celebrate the commencement of trading.
About Moolec Science SA
Moolec Science is a science-based ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The company’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec Science’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybeans and peas and Moolec Science has a growing international patent portfolio (22, both granted and pending) for its Molecular Farming technology. The company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit www.moolecscience.com .
LightJump Acquisition Corp. Stockholders Approve Combination With Moolec Science
Moolec Science Ltd. and LightJump Acquisition Corporation closed their business combination agreement on December 30, 2022, resulting in Moolec UK and LightJump becoming wholly-owned subsidiaries of Moolec Science SA.
Moolec Science will start trading on Nasdaq Capital Markets today under the tickers "MLEC” and “MLECW” for its common shares and warrants, respectively.
Moolec Science is a category creator in the alternative protein ecosystem using Molecular Farming, a disruptive technology producing animal proteins within plants.
LUXEMBOURG, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Moolec Science Ltd., a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming (“Moolec UK”), and LightJump Acquisition Corporation, a publicly traded special purpose acquisition company (“LightJump”), have completed their previously announced business combination which was approved at the special meeting of LightJump stockholders on December 27, 2022. Pursuant to the transactions contemplated by the business combination agreement, Moolec UK and LightJump became wholly-owned subsidiaries of Moolec Science SA, a Luxembourg company incorporated for the purposes of the business combination (“Moolec Science”).
Beginning today, on January 3, 2023, Moolec Science’s ordinary shares and warrants will begin trading on the Nasdaq Capital Market under the ticker symbols "MLEC” and “MLECW”, respectively .
“We are very proud of our team for listing Moolec in one of the most prestigious tech exchanges without neglecting our science and operations. Moolec will become the first Molecular Farming Food-Tech company trading in public markets, which further highlights our category creator status. This is a step closer towards building a more resilient and sustainable food system, using science in food to set up a better future,” said Gastón Paladini, Chief Executive Officer, Director, and Co-Founder of Moolec Science.
The Company will ring the closing bell at Nasdaq in New York City on January 17, 2023, to celebrate the commencement of trading.
About Moolec Science SA
Moolec Science is a science-based ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The company’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec Science’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybeans and peas and Moolec Science has a growing international patent portfolio (22, both granted and pending) for its Molecular Farming technology. The company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit www.moolecscience.com .
LightJump Acquisition Corp. Stockholders Approve Combination With Moolec Science