Brief: Lifecore Biomedical Signs Term Sheet With Existing Long-Term Customer To Expand Cdmo Relationship

Lifecore Biomedical

16/03/2023 21:35

March 16 (Reuters) - Lifecore Biomedical Inc  LFCR.O :
    * LIFECORE BIOMEDICAL SIGNS TERM SHEET WITH EXISTING
LONG-TERM
CUSTOMER TO EXPAND CDMO RELATIONSHIP
    * LIFECORE BIOMEDICAL SIGNS TERM SHEET WITH EXISTING
LONG-TERM
CUSTOMER TO EXPAND CDMO RELATIONSHIP
    * LIFECORE BIOMEDICAL INC - CONTEMPLATES NEGOTIATION OF
MULTI-YEAR
AMENDMENT TO EXTEND AND EXPAND EXISTING RELATIONSHIP
    * LIFECORE BIOMEDICAL INC - EXPECTS TO PROCEED WITH
NEGOTIATING
AND DRAFTING AMENDMENT TO CMA OVER NEXT SEVERAL MONTHS
    * LIFECORE BIOMEDICAL INC - CUSTOMER TO PROVIDE
REIMBURSEMENT FOR
UP TO $15 MILLION IN CAPITAL EXPENDITURES TO EXPAND CAPACITY
    * LIFECORE BIOMEDICAL INC - CUSTOMER AGREED TO A ONE-TIME,
NON-REFUNDABLE $10 MILLION CASH COMMITMENT, PAYABLE IN
INSTALLMENTS OVER NEXT SEVEN MONTHS

Source text for Eikon:  ID:nGNXVdBX4 
Further company coverage:  LFCR.O 

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