LJAQ - SPAC Light Jump to merge with bioengineered food developer Moolec Sciences

SPAC Light Jump Acquisition Corp. (LJAQ) has agreed to merge with Moolec Sciences, a developer of bioengineered food ingredients, in a deal that values the combined company at a pro forma equity value of $504M. The deal is expected to close during the second half of the year, with shares listed on Nasdaq under the symbol MLEC. UK-based Moolec has been developing alternative protein sources by synthesizing animal protein DNA into seed crops. The company’s two lead products are Chymosin SPC, a cow protein expressed in safflower for use in cheese production, and gamma-linoleic acid, or GLA, a nutritional oil product. For more SPAC news, check out SA’s SPAC News page.

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SPAC Light Jump to merge with bioengineered food developer Moolec Sciences