Moolec Science gets non-compliance notice from Nasdaq (NASDAQ:MLEC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
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Compliance Issue: Moolec Science has received a notification from Nasdaq indicating that it is not meeting the minimum bid price requirement and has until March 10 to rectify this issue.
Market Reaction: Following the announcement of an offtake agreement with a major global consumer packaged goods company, Moolec's shares have declined.
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Analyst Views on MLEC
About MLEC
Moolec Science SA is a science based food ingredient company. The Company focuses on the production of animal proteins within plants by using molecular farming technology. It operates globally across the United States, Europe, and South America. The Company’s product portfolio and pipeline focus on improving the agronomic efficiency of widely used crops such as soy, pea, and safflower. Its product portfolio includes GLASO, PIGGY SOOY, VALORASOY, and MYCOFOOD. The Company’s GLASO product is a genetically engineered safflower variety designed to produce higher levels of gamma linolenic acid (GLA). Its PIGGY SOOY product is a bioengineered soybean that contains pig proteins used in creating meat like textures and food ingredients. The Company also has a growing international patent portfolio of approximately 25 patents, both granted and pending, for its technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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