Agronomics has announced a $5m (£3.8m) investment in its existing investee company BlueNalu following its previous investments totalling $3m (held at £2.7m in the portfolio). The investment is via a Convertible Promissory Note (CPN), which will convert at a discounted price to a subsequent Qualified Investment round. We estimate that such a round would deliver a significant value uplift for Agronomics initial investments in BlueNalu. We see this investment as in-line with the company's stated st ....
20 Nov 2020
Cenkos: Agronomics Ltd -- Additional BlueNalu investment
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Cenkos: Agronomics Ltd -- Additional BlueNalu investment
Agronomics Limited (ANIC:LON) | 8.6 0 1.7% | Mkt Cap: 86.8m
- Published:
20 Nov 2020 -
Author:
Chris Donnellan -
Pages:
5
Agronomics has announced a $5m (£3.8m) investment in its existing investee company BlueNalu following its previous investments totalling $3m (held at £2.7m in the portfolio). The investment is via a Convertible Promissory Note (CPN), which will convert at a discounted price to a subsequent Qualified Investment round. We estimate that such a round would deliver a significant value uplift for Agronomics initial investments in BlueNalu. We see this investment as in-line with the company's stated st ....