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Stock impact report

Bioceres Crop Solutions Corp. Closes Financing to Accelerate Global Launch of HB4® Technology

Bioceres Crop Solutions Corp. - Ordinary Shares (BIOX) 
Company Research Source: Business Wire
ROSARIO, Argentina--(BUSINESS WIRE)--Bioceres Crop Solutions Corp. (“Bioceres” or the “Company”) (NYSE American: BIOX), a fully integrated provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, today announced the closing of $42.5 million secured convertible promissory notes due 2023 (the “Notes”) in a private placement led by Boston-based Solel Partners LP. The Company intends to use proceeds to accelerate launch of its HB4 technology – a drought and salinity tolerance seed solution available for soybean and wheat crops. Next generation seed varieties integrating HB4 technology with proprietary seed-treatment biologicals are currently being multiplied under the EcoSoy™ and EcoWheat™ product denominations.“With the issuance of these Notes we have put in place the necessary funding to transition HB4 crops’ acreage from the 'thousands' to the 'hundreds of thousands' over the next crop cycle, as well as accelerate breeding Show less Read more
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