Agronomics (LON: ANIC) announced on Friday that portfolio company CellX Limited has completed its seed financing round.
CellX is a China-based cellular agriculture firm creating clean meat products using cell culturing and 3D bioprinting technologies.
UK-based sustainable investment company Agronomics invested $50,000 in CellX in December 2020 via a Simple Agreement for Future Equity (SAFE).
Interested in investing after today’s move?
XTB gives investors access to thousands of UK and international stocks,
including fractional shares from just £1.
Explore stocks with XTB →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to invest in the stocks making the news?
Go from following the market to investing in it, with access to thousands
of stocks across major UK and international markets.
See available stocks →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Own the stocks you’re reading about
Invest in real shares across the UK, US and other major global markets
through XTB, all from one investment account.
Explore XTB shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
You don’t need to buy a whole share
Fractional shares let you invest from just £1, giving you more control
over how much you put into individual companies.
Explore fractional shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to see how XTB works first?
Explore the platform with an XTB demo account before deciding whether
you want to invest with real money.
Try the XTB demo →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
The SAFE investment has now been converted at the valuation cap divided by the company capitalisation.
Agronomics will now carry this position forward at a book value of US $300,000, representing a 500% uplift and an IRR of 4,481%. Following the conversion, Agronomics now holds 230,681 preferred shares in the company.
After closing down almost 8% on Thursday, Agronomics’ share price is down 1.47% during the current session. For the year to date, its shares are up 109.38%.
Should you invest in Agronomics shares?
Agronomics shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Agronomics shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
