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Agronomics boosts BlueNalu stake with US$6.6m mix of equity and convertible notes

Story Highlights
  • Agronomics is investing US$6.6 million into BlueNalu via new preferred shares and convertible notes, raising its fully diluted stake to about 12.96%.
  • The deal, partly funded through issuing over 30.6 million new Agronomics shares, strengthens its strategic position in cultivated seafood as BlueNalu advances regulatory and commercial plans for bluefin tuna toro.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Agronomics boosts BlueNalu stake with US$6.6m mix of equity and convertible notes

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An announcement from Agronomics ( (GB:ANIC) ) is now available.

Agronomics has deepened its exposure to cultivated seafood pioneer BlueNalu with a US$6 million equity subscription in new preferred shares and a further US$600,000 investment in BlueNalu’s 2025 convertible promissory note round, taking its fully diluted stake to an expected 12.96%. The equity leg of the deal is being settled through the issuance of 30,643,003 new Agronomics ordinary shares at the company’s latest reported net asset value per share, while the CPNs, part of an approximately US$8 million round led by specialist food-tech investors, will convert into preferred stock on favourable terms upon a qualifying fundraise. The new Agronomics shares issued to BlueNalu are subject to a one-year lock-in and orderly market restrictions, and admission of the enlarged share capital to AIM is expected around 7 January 2026, implying modest dilution for existing shareholders but reinforcing Agronomics’ strategic bet on cell-cultivated seafood as BlueNalu advances regulatory engagement, commercial launch preparations for its cultivated bluefin tuna toro, and broader value-chain partnerships.

The most recent analyst rating on (GB:ANIC) stock is a Buy with a £15.90 price target. To see the full list of analyst forecasts on Agronomics stock, see the GB:ANIC Stock Forecast page.

Spark’s Take on GB:ANIC Stock

According to Spark, TipRanks’ AI Analyst, GB:ANIC is a Neutral.

Agronomics Limited faces significant financial challenges, with erratic income and negative cash flows weighing heavily on its score. However, a strong balance sheet and promising corporate events, such as strategic partnerships and innovations in sustainable food, provide some hope. Weak technical signals and poor valuation further suppress the overall score, indicating an uphill battle for stronger investment appeal.

To see Spark’s full report on GB:ANIC stock, click here.

More about Agronomics

Agronomics is a listed venture capital firm focused on cellular agriculture, backing more than 20 pre-seed to Series C companies developing technologies to produce food and materials without traditional animal agriculture. It targets minority stakes in businesses with defensible intellectual property that can disrupt conventional supply chains, aiming to improve sustainability, human health, animal welfare and environmental outcomes while addressing global food security.

Average Trading Volume: 1,845,349

Technical Sentiment Signal: Sell

Current Market Cap: £65.02M

For detailed information about ANIC stock, go to TipRanks’ Stock Analysis page.

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