Agronomics, a leading listed investor in alternative proteins with a focus on cellular agriculture and cultivated meat, is pleased to announce today that the Company has completed a subscription of US$ 50,000, in the form of a Simple Agreement for Future Equity (SAFE), in CellX Limited. The Subscription will be paid using cash from the Company’s own resources. The SAFE will convert at the valuation cap divided by the company capitalization at the next equity financing, which should give Agronomics an approximate equity ownership of 1.43%. CellX is a China based cellular agriculture company, focusing on cell-based pork and seafood products initially.
December 9, 2020