The following report is by AgFunder News:
Ag biotech startup Moolec Science has raised $30 million in cash and in-kind contributions from strategic investors via convertible notes.
A spinout of Bioceres Crop Solutions, Moolec began trading on Nasdaq in January via a SPAC (special purpose acquisition company), but has seen its stock drop from a high of almost $20 to under $3 in recent weeks.
It is best-known for its molecular farming platform, which bioengineers plants such as yellow peas and soybeans to express bovine and porcine proteins claimed to improve the taste, texture, nutrition, flavor, and color of meat alternatives.
However, its most advanced products are Chymosin SPC, a bovine protein (enzyme) used in cheesemaking; and a nutritional oil containing gamma-linoleic acid (GLA), which are both expressed by a genetically engineered strain of safflower.
The GLA-rich oil—which has a ‘no questions letter’ from the FDA affirming its GRAS (Generally Recognized as Safe) status—also has a thumbs up from USDA’s Animal and Plant Health Inspection Service, which means Moolec no longer needs permits to import, move interstate or grow the plants in the field in the US.
‘A Challenging Financial Market’
Under a deal announced Tuesday, Moolec will issue a convertible note due in 2026 to Grupo Insud for $21 million with a strike price of $6/share. This will be issued against a cash payment of $10 million and in-kind contributions to be made by Insud to Moolec including “access to Insud’s industrial capabilities.”
The transaction follows a deal with Bioceres under which Moolec has secured the supply of 15,000 tons of soybeans, which will be paid for through the issuance of a convertible note. Together the convertible notes total $30 million in cash and in-kind contributions.
This capital raise strengthens our financial position and allows us to accelerate our business model in a challenging financial market. The notes provide healthy optionality for Moolec to convert into common shares or cash in three years’ time.
Cash proceeds will be used to continue funding key R&D projects and in-kind contributions will secure the needed working capital to ramp up our commercialization plan and product development initiatives.
José López Lecube, CFO, Moolec Science
Meat Proteins… From Plants?
Moolec has not confirmed which meat proteins it is expressing in soy and pea, although it recently revealed it had produced ‘Piggy Sooy’ soybeans in which more than a quarter (26.6%) of the soluble protein fraction was “pork protein.”
CEO Gaston Paladini told AgFunderNews that more details will be released shortly. “What we can share is that Piggy Sooy, as a platform, is not expressing just one gene. We are working on several meat molecules/proteins in different R&D projects.”
Hybrid Ingredients
Rather than spending significant sums on extracting and purifying the meat proteins from the plant protein, Moolec plans to sell soy and pea proteins in which meat proteins are embedded in the matrix, he said.
Moolec’s plan is not to purify and extract the target molecule the plant expresses. It makes sense for us to produce hybrid ingredients between plant and animal proteins, together. Affordability and functionality are our top priorities. And Moolec is targeting the whole processing meat market, not just the alternative protein market.
He told us.
Moolec, which formed a precision fermentation joint venture with Grupo Insud in 2021, is also working on producing meat proteins via yeast fermentation.
The Business Model
Paladini is in conversations with potential partners such as ingredient processing companies that are interested in Moolec’s technology, and has the option to license its IP, or to work with them in the downstream processing stage to recover the proteins and use their networks to commercialize them, he explained.
But we also have our own capabilities to commercialize: an industrial facility [acquired from ValoraSoy] with 10,000 tons/year of soybean crushing capacity [in Argentina].
AUTHOR COMMENTARY
Consider this passage of scripture from the King James Bible, written and prophesized about approximately 2,000 years ago:
[1] Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils; [2] Speaking lies in hypocrisy; having their conscience seared with a hot iron; [3] Forbidding to marry, and commanding to abstain from meats, which God hath created to be received with thanksgiving of them which believe and know the truth. [4] For every creature of God is good, and nothing to be refused, if it be received with thanksgiving: [5] For it is sanctified by the word of God and prayer. 1 Timothy 4:1-5
Once again these radical vegans and fools who wish to play God are revealing what manner of spirit they’re of. There is a lot weight and meaning to a name (Proverbs 10:7, 22:1), and the fact that this company is parodying itself after the abomination that is Molech/Moloch tells you all that you need to know.
Leviticus 18:21 And thou shalt not let any of thy seed pass through the fire to Molech, neither shalt thou profane the name of thy God: I am the LORD.
1 Kings 11:7 Then did Solomon build an high place for Chemosh, the abomination of Moab, in the hill that is before Jerusalem, and for Molech, the abomination of the children of Ammon.
Acts 7:43 Yea, ye took up the tabernacle of Moloch, and the star of your god Remphan, figures which ye made to worship them: and I will carry you away beyond Babylon.
Leviticus 18:21; 1 Kings 11:7; Acts 7:43
This is yet another example as to how insane and led about by devils these people, these radical vegans, really are and what’s at work here.
SEE: Doctrine Of Devils: Plant-Based Burger ‘That Tastes Like Human Flesh’ Wins Contest Award
Plant-Based Company Bon Dévil Launches Premium Desert Across The US
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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They’re not even hiding it anymore, they’re making it well-known these fake meat producers serve Satan.
I found a video about that evil water brand called Liquid Death and they actually offer you the opportunity to sell your soul!
I never knew and I used to drink that wicked swill, Lord forgive me I repent of drinking that liquid devil!
I have to go back and reread the protein enzyme for cheese making.
Chymosin = Chemosh.
Not by accident they named it like that i suppose? With evil intention to corrupt natural fermenting of cheese. The scriptures below i cannot fathom now but I think they’re somewhat related.
(Job 10:10 KJV) Hast thou not poured me out as milk, and curdled me like cheese?
(2 Samuel 17:29 KJV) And honey, and butter, and sheep, and cheese of kine, for David, and for the people that were with him, to eat: for they said, The people is hungry, and weary, and thirsty, in the wilderness.
Following the advice of Killinger & serving the sins of presumption & avarice for short term gain: reaping the whirlwind. Such wickedness & corruption. No doubt the mockers deceiving and being deceived, following their sin & lying devils, think they’re being cute. The Lord will not forget his little ones, though all will suffer. Important to stay within the bounds of his will, & under his covering, watchful, alert. Praying.
1 Timothy6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
this is when you cruel up into a corner and start rocking back in forth in a cold dark room……..(just kidding) but if they continue to try to play God, he’s going to get them big time in his wrath.