No IPOs in the first week of the new year, however there was much excitement with newly completed SPAC, Agritech Molecular farming company Moolec Science. MLEC began trading Tuesday January 3, 2003, drifted lower until Friday where it exploded 250%. In the week ahead Skyward Specialty Insurance Group (SKWD) is on the docket, the talk is that it will be the first deal to raise over $100 million since Mobileye (MBLY) in October of last year. Another small deal is … Continue reading “US Weekly IPO and SPAC Monitor: Moolec, Skyward Specialty, MGO Global and Kenvue”
Molecular Volatility in Newly Public Agritech Moolec Science Fuels 250% Price Swings
Agritech Molecular farming company Moolec Science completed a merger with a special purpose acquisition company (SPAC) on December 30, 2022. The Luxembourg company began trading Tuesday January 3, 2003 on the NASDAQ under the symbol MLEC. Moolec Science Ltd. and LightJump Acquisition Corporation closed their business combination agreement which saw Moolec UK and LightJump become wholly owned subsidiaries of Moolec Science SA. Moolec uses genetically modified plants to produce proteins that are found in animals. The deal values Moolec at $504 … Continue reading “Molecular Volatility in Newly Public Agritech Moolec Science Fuels 250% Price Swings”