Agronomics Share News (ANIC)

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6.55 -0.20 (-3.08%)

Bid:

6.20

Ask:

6.90

Spread: 0.70 (11.29%)

Market Cap: £68.25m

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IN BRIEF: Agronomics investee raises additional EUR8 million

Fri, 26th Apr 2024 16:54

Agronomics Ltd - Isle of Man-based venture capital firm which invests in cellular agriculture companies - Says portfolio company Solar Foods Oy has raised an additional EUR8 million in funding via Finnish investment organiser Springvest Oyj. In November it had already raised EUR8 million in a series B financing round. Agronomics Chair, Jim Mellon commented: "Solar Foods has shown impressive execution with the funds they have raised to date. It is one of the few companies in this field with a wholly owned and fully operational factory and regulatory approval which puts Solar Foods as one of the most advanced cell ag companies globally. We are very much looking forward to seeing product sales begin in Singapore and for regulatory approval in Europe."

Current stock price: 8.40 pence, up 5.0%

12-month change: down 27%

By Sabrina Penty, Alliance News reporter

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