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Moolec Science SA (NASDAQ:MLEC), a company specializing in textile mill products, held an Extraordinary General Meeting (EGM) today, where shareholders voted to approve two significant proposals. The meeting, which took place in Buenos Aires, Argentina, saw the ratification of both a Business Combination Agreement (BCA) and the performance of the company’s board members.
The first item on the agenda was the approval of the BCA, initially filed with the U.S. Securities and Exchange Commission on April 17, 2025. The agreement outlines a strategic transaction between Moolec Science SA and several entities, including the Bioceres Group Initial Shareholders, Union Group, Nordelis, Bioceres Group, Gentle Tech, Nutrecon, and Theo. Shareholders voted in favor of the BCA, which will result in the issuance of consideration and obligate the company to perform certain actions as outlined in the agreement.
In the second proposal, shareholders voted to approve the actions taken by current and former members of Moolec’s board in connection with the BCA. This resolution also authorizes the board of directors and legal representatives to take all necessary actions in relation to the BCA and to file required documents with the Cayman Islands Registrar of Companies.
The EGM’s outcomes are expected to have significant implications for Moolec Science SA, as the approved measures will facilitate the advancement of the transactions contemplated by the BCA. The resolutions were passed by at least a two-thirds majority of the voting shareholders, in accordance with the company’s articles of association and applicable law.
The information regarding this EGM and the resolutions passed is based on a press release statement and has been filed with the Securities and Exchange Commission in a Form 6-K, which serves as a report of foreign private issuers. Moolec Science SA, incorporated under the laws of the Cayman Islands, is headquartered in Grand Cayman.
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