LegalJul 14, 2026, 06:06 AM
Moolec Science Receives Winding Up Petition for $2.3M Debt
AI Summary
Moolec Science SA announced it received a winding up petition from Linklaters LLP on July 8, 2026, seeking the company's winding up and the appointment of joint liquidators. The petition is based on an alleged debt of approximately USD 2.3 million in legal fees, which Moolec disputes, stating it relates to services engaged by former management before the June 16, 2025 business combination. The company intends to vigorously contest the petition, which has a hearing scheduled for November 3, 2026, and has also impacted the issuance of the Returning Holdback Amount to shareholders.
Key Highlights
- Moolec Science SA received a winding up petition from Linklaters LLP on July 8, 2026.
- The petition seeks winding up of the company and appointment of joint liquidators.
- Alleged debt is approximately USD 2.3 million in legal fees.
- Hearing for the petition is scheduled for November 3, 2026.
- Moolec disputes the petition, stating it is without merit and relates to former management.
- The petition prevents the issuance of the Returning Holdback Amount to shareholders.
- Company intends to vigorously contest the petition and seek its dismissal.
Price Impact
More from MLEC