Agronomics Limited invests US$ 500,000 in GALY CO

1 min read | March 10, 2020 09:05 AM GMT | By Team Kalkine Media

Agronomics Limited (LON:ANIC) has informed about an investment of USD 0.50 million in GALY CO.

  • The company has completed a subscription of USD 0.50 million, in the form of a Simple Agreement for Future Equity (SAFE) in the said pioneering biomaterials technology company.
  • The subscription gives an equity interest of 4.37 per cent to the company in GALY, subject to conversion at a priced equity fundraising round of it with a valuation cap of USD10 million.
  • GALY is an early stage, pre-revenue company and has and no material liabilities.
  • On 10th March 2020, at the time of writing, GMT 08:17 AM, ANIC shares were trading at GBX 5.88, up by 0.25 points or 4.44% against the previous day closing price.

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