Business
Agronomics Limited Announces Further Equity Investment in BlueNalu
Participation in BlueNalu's 2025 Convertible Promissory Note RoundFurther equity investment of US$ 6 million in BlueNaluIssue of Equity and TVR DOUGLAS, ISLE OF MAN / ACCESS Newswire / December 30, 2025 / Agronomics Limited("Agronomics" or the "Company") ...
About this update from Agronomics Limited
[{"type":"text","content":"Participation in BlueNalu's 2025 Convertible Promissory Note RoundFurther equity investment of US$ 6 million in BlueNaluIssue of Equity and TVR","length":149,"tagName":"p"},{"type":"text","content":"DOUGLAS, ISLE OF MAN / ACCESS Newswire / December 30, 2025 / Agronomics Limited ("Agronomics" or the "Company")","length":131,"tagName":"p"},{"type":"text","content":"The Board of Agronomics announces that the Company has subscribed for US$ 600,000 (approximately £446,500) of Convertible Promissory Notes ("CPNs") issued by BlueNalu, Inc. ("BlueNalu"). Concurrent with the subscription for CPNs, the Company has also subscribed for 1,012,229 new Preferred Shares at a price of approximately US$ 5.93 (total subscription value US$ 6,000,000) (the "Share Subscription"), with consideration for the Share Subscription to be satisfied by the issue of 30,643,003 new Ordinary Shares of the Company, each new share issued at a price equal to 14.65 pence (being the net asset value per share as at 30 September 2025). The subscription for the CPNs will be satisfied using cash from the Company's existing available resources. Following the Share Subscription and the consummation of BlueNalu's Convertible Promissory Note Round, Agronomics' interest in BlueNalu is expected to be 12.96% on a fully diluted basis.","length":981,"tagName":"p"},{"type":"text","content":"The CPN funding is being led by experienced investors in food tech, including Lewis & Clark AgriFood Fund II LLP and Siddhi Capital Fund I L.P. Investor's participating at the initial closing of the Convertible Promissory Note Round invested proceeds of approximately US$ 8 million, inclusive of the US$ 600,000 investment by the Company and an additional investment by New Agrarian Company Limited, an affiliate of the Company, for US$ 600,000. Jim Mellon, the Executive Chair of the Company is also a shareholder of New Agrarian Company Limited. The terms of CPN are set out at the end of this announcement.","length":617,"tagName":"p"},{"type":"text","content":"The new shares issued to BlueNalu shall be subject to agreed lock-in and orderly market arrangements for a year from Admission. In particular, BlueNalu shall be restricted in relation to its shareholding from a) releasing more than 1/12th of the Agronomics shares per ca...