Brief: Moolec Science To List On Nasdaq Through Business Combination With Lightjump Acquisition Corp

Bioceres Crop Solutions

15/06/2022 08:36

June 15 (Reuters) - MOOLEC SCIENCE :
    * MOOLEC SCIENCE, A PIONEER IN MOLECULAR FARMING AND FOOD
INGREDIENT TECHNOLOGY, TO LIST ON NASDAQ THROUGH BUSINESS
COMBINATION WITH LIGHTJUMP ACQUISITION CORP
    * MOOLEC SCIENCE - TRANSACTION SETS MOOLEC'S PROFORMA EQUITY
VALUE
AT $504 MILLION, ASSUMING NO REDEMPTIONS FROM SHAREHOLDERS OF
LIGHTJUMP
    * MOOLEC - UPON CLOSING, COMBINED COMPANY IS EXPECTED TO BE
LISTED
ON NASDAQ UNDER TICKER SYMBOL "MLEC"
    * MOOLEC SCIENCE SAYS LIGHTJUMP HAS ENTERED INTO A BACKSTOP
AGREEMENT WITH ENTITIES AFFILIATED WITH MOOLEC TO GUARANTEE A
MINIMUM OF $10 MILLION AT CLOSING
    * MOOLEC SCIENCE- COMBINED COMPANY IS EXPECTED TO BE FUNDED
WITH
$138 MILLION CASH HELD IN LIGHTJUMP’S TRUST ACCOUNT

Source text for Eikon:  ID:nGNX3C9wWv 

 ((Reuters.Briefs@thomsonreuters.com;))