Hill Dickinson advised Agronomics Limited on the deal.
The fundraise was undertaken by means of a placing and subscription of 284,090,910 shares at an issue price of 22 pence per share. Attaching warrants on a 1-for-1 basis, will be issued to investors who participated in the fundraise. The fundraise is subject to certain resolutions being passed at a general meeting on 28 May 2021. Admission of the shares is expected to become effective at 08:00 on 1 June 2021.
The fundraise is to provide additional funds for investment by Agronomics into current portfolio companies and projects, investment in new opportunities within the ‘cultivated meat’ sector (and other related sectors), and development and commercialisation of intellectual property where the company holds an interest.
Agronomics Limited (LSE: ANIC) is an investment company that is focused on opportunities within the nascent industry of modern foods, which are environmentally friendly alternatives to the traditional production of meat and plant-based sources of nutrition.
The Hill Dickinson team was led by partner Michael Corcoran (Picture) with assistance from associate Melissa Campbell and paralegals Sanne Gerdsen and Oliver Hart, all of the firm’s London Corporate team.
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