Moolec Science announces $30M capital raise

Moolec Science entered into agreements to issue a convertible note due 2026 to Grupo Insud in a principal amount of approximately $21 million with a strike price of $6.00 per share. The Insud Convertible Note will be issued against a cash payment of $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 2021. At maturity, Moolec will hold the option to deliver ordinary shares, cash, or a combination of cash and ordinary shares.