- Moolec Science (MLEC, Financial) completes a strategic merger, expanding across life sciences and food-tech industries.
- The merger was overwhelmingly approved by shareholders, with 98% of votes in favor.
- Alejandro Antalich appointed as CEO, bringing over 20 years of biotech leadership experience.
In a strategic move to solidify its position in the life sciences and food-tech sectors, Moolec Science (MLEC) has announced the successful completion of its business combination with Bioceres Group, Gentle Technologies Corp, and Nutrecon LLC. This merger, approved by an overwhelming 98% of shareholder votes, marks a significant expansion for Moolec.
Under the terms of this transformation, Bioceres Group shareholders received approximately 6.9 million shares of Moolec. Additionally, Nutrecon and Gentle Tech shareholders were awarded around 0.65 million shares and 0.5 million private warrants at a $20 strike price, respectively. This merger integrates diverse capabilities, creating a vertically integrated enterprise across food ingredients, ag-biologicals, precision fermentation, and biomaterials.
Alejandro Antalich has been appointed as the CEO of the combined entity. Antalich brings with him over 20 years of expertise in the biotechnology industry, including his previous role as CEO of Nutrecon, where he successfully led strategic growth initiatives. His experience is expected to drive Moolec's ambition to accelerate commercialization and explore new strategic initiatives.
The merger consolidates Moolec's operations under renowned brands such as Piggy Sooy, GLASO, Mycofood, and agricultural brands like Rizobacter, ProFarm, and HB4. This strategic union promises to enhance Moolec's research and development capabilities with platforms like Agrality and Synbio Powerlabs, strengthening its innovation pipeline and competitive presence in sustainable food and agricultural technologies.
