Moolec science announces capital raise with strategic investors for ~us $30 million

Luxembourg / accesswire / october 17, 2023 / 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.
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