Welcome to our dedicated page for Nocera news (Ticker: NCRA), a resource for investors and traders seeking the latest updates and insights on Nocera stock.
Nocera, Inc. reports developments tied to its acquisition-focused strategy, digital asset treasury initiatives, and aquaculture operations. Company news has covered plans to allocate treasury capital to Bitcoin and other digital assets, private financing through convertible notes, strategic investments, and efforts to broaden its business beyond RAS large-scale fish tank systems for land-based fish farms.
Updates also include Nasdaq listing compliance, delayed periodic reporting matters, investor presentations, and corporate statements about sustainable seafood equipment, facility operations, consulting, technology transfer, and aquaculture project management.
Nocera, Inc. (NASDAQ:NCRA) will celebrate its recent NASDAQ listing by ringing the closing bell on September 29, 2022. CEO Jeff Cheng will lead the event alongside the executive team and select employees. The occasion marks a significant milestone for the company as it aims to enhance U.S. aquaculture. Nocera is acquiring 229 acres in Alabama for $875,000 to build a high-tech land-based fish farm using its Recirculatory Aquaculture Technology. The company provides integrated aquaculture systems for fresh and saltwater fish, focusing on sustainability.
Nocera, Inc. (NASDAQ:NCRA) announced plans to soft open its new seafood porridge business on September 26, 2022, located at Ningxia Night Market in Taipei, Taiwan. The company aims to generate over $10 million in revenue for the fiscal year 2023 with its eel rice and bento box offerings, featuring locally sourced eel known for its nutritional value. Additionally, a flagship bento box store is set to open on October 31, 2022. CEO Jeff Cheng emphasized the quality and health benefits of their eel products, citing optimal growing conditions in local aquaculture.
Nocera, Inc. (NASDAQ:NCRA) announced the acquisition of 229 acres of agricultural land in Montgomery, Alabama, expected to boost revenues by up to $10 million, with a gross profit potential of $7 million. The purchase agreement, executed on September 8, 2022, is set to close by October 31, 2022, for $865,000, with financing of up to 85% from local banks. This marks Nocera's first entry into the U.S. fish farming industry, enhancing its sustainable seafood operations through land-based Recirculatory Aquaculture Systems.
Nocera, Inc. (NASDAQ:NCRA) announced its acquisition of an 80% controlling stake in Meixin Institutional Food Development Co., Ltd. for $4.3 million. Meixin, based in Taipei, specializes in producing hot and frozen meals, including bento boxes. This acquisition is part of Nocera's vertical integration strategy to enhance its sustainable seafood offerings, expecting to generate up to $10 million in revenue for fiscal 2023. CEO Jeff Cheng expressed confidence in leveraging Meixin's expertise to create new food products for distribution.
Nocera, Inc. (NASDAQ: NCRA) reported a significant 72% increase in net sales for the second quarter of 2022, reaching $2.2 million, compared to $1.3 million in the same period last year. Year-to-date revenue also rose by 82% to $5.1 million. With cash equivalents climbing by 147% to $1.6 million, the company is preparing for U.S. expansion in aquaculture after successfully uplisting to NASDAQ on August 11, 2022. Nocera completed a public offering with proceeds of $6.58 million on August 15, 2022, focusing on building sustainable seafood operations.
Nocera, a sustainable seafood company, has successfully completed an underwritten public offering of 1,880,000 units, each comprising one share of common stock and one warrant, raising gross proceeds of $6.58 million at a price of $3.50 per unit. The warrants allow for the purchase of two shares at $3.85 each, expiring in five years. The offering was managed by Spartan Capital Securities and Revere Securities, with an option for underwriters to purchase an additional 282,000 units. This funding is expected to enhance Nocera's operations in land-based recirculatory aquaculture systems.
Nocera, Inc. (NASDAQ: NCRA) has priced its underwritten public offering of 1,880,000 units at $3.50 each, aiming to raise approximately $6.58 million. Each unit comprises one share of common stock and one warrant to purchase two additional shares at $3.85. A 45-day option for underwriters allows an additional purchase of 282,000 units. The offering is expected to close by August 15, 2022. Nocera's common stock will begin trading on the Nasdaq Capital Market on August 11, 2022. In conjunction with this offering, a reverse stock split at a 2-for-3 ratio will occur.
Nocera Inc. (OTCMKTS: NCRA) reported significant growth in its 2021 financial results. Total revenues reached approximately $9.9 million, a remarkable increase of 733% from $1.2 million in 2020. The company also reported $252,000 in net cash provided by operating activities, up by $382,000 from the previous year. Year-end cash stood at $2.4 million, a 140% increase from 2020. Total assets rose to $6.9 million, while shareholders' equity increased by 85% to $4.8 million. Nocera anticipates continued strong demand for its Recirculating Aquaculture Systems and construction services.
Nocera Inc. (OTCMKTS: NCRA) has partnered with Linshan Trading Co., Ltd. to develop a 60-hectare Green Energy Industrial Park in Taiwan's Yunlin County. This project will focus on integrating aquaculture solutions and solar energy technologies, aiming to establish Asia's largest indoor recirculating aquaculture industrial park. Nocera's innovative approach combines fish farming and solar energy generation, enhancing land utilization and economic benefits. Taiwanese President Tsai Ing-wen supports this initiative, highlighting Taiwan's leadership in green energy transformation.