Nasdaq backs Moolec Science (NASDAQ: MLEC) equity compliance plan
Rhea-AI Filing Summary
Moolec Science S.A. reports that Nasdaq Staff has issued a memorandum to the Nasdaq Hearings Panel supporting an exception through June 29, 2026 for the company to demonstrate compliance with the stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1). Nasdaq’s position is based on a material improvement in Moolec’s balance sheet after several year-end 2025 events involving certain subsidiaries.
In December 2025, bankruptcy proceedings for Bioceres S.A. and its subsidiary Bioceres LLC led to a loss of control and derecognition gains of about $91.0 million and $5.2 million, respectively. A further bankruptcy of Theo I SCSp on December 31, 2025 produced an additional derecognition gain of about $4.6 million. Together with recognizing intercompany liabilities and converting certain preference shares into ordinary shares, these changes substantially increased stockholders’ equity, and Moolec believes it has regained compliance with Nasdaq’s equity requirement while it awaits the Panel’s decision.
Positive
- None.
Negative
- None.
Insights
Nasdaq staff support suggests Moolec’s equity position now meets listing requirements, pending a Panel decision.
Nasdaq Staff has concluded there is sufficient basis to grant Moolec Science an exception through
The equity improvement stems from derecognizing several subsidiaries following bankruptcy proceedings and related loss of control under IFRS 10.25, generating gains of about
FAQ
What did Nasdaq Staff decide regarding Moolec Science (MLEC)?
Nasdaq Staff issued a memorandum to the Nasdaq Hearings Panel stating there is sufficient basis to grant Moolec Science an exception through June 29, 2026 to demonstrate compliance with the stockholders’ equity requirement in Nasdaq Listing Rule 5550(b)(1), subject to certain disclosure conditions.
Why does Moolec Science believe it now meets Nasdaq’s stockholders’ equity requirement?
Moolec Science believes it has regained compliance because derecognition of several bankrupt subsidiaries, recognition of certain intercompany liabilities, and the conversion of preference shares into ordinary shares have together produced a substantial increase in stockholders’ equity.
What gains did Moolec Science record from losing control of its subsidiaries?
The loss of control over Bioceres S.A. generated a derecognition gain of approximately $91.0 million, over Bioceres LLC about $5.2 million, and over Theo I SCSp about $4.6 million, all recognized under IFRS 10.25.
Which subsidiaries of Moolec Science entered bankruptcy proceedings?
In December 2025, bankruptcy proceedings commenced for Bioceres S.A. and its wholly owned subsidiary Bioceres LLC, and on December 31, 2025 for Theo I SCSp, leading to Moolec’s loss of control over these entities.
What is the significance of the June 29, 2026 date for Moolec Science?
The date of June 29, 2026 is the end of the exception period that Nasdaq Staff has supported, during which Moolec must demonstrate compliance with Nasdaq’s stockholders’ equity requirement if the Panel grants the requested exception.
How does Moolec Science plan to respond if the Nasdaq Panel grants the exception?
Moolec Science states that, if the Nasdaq Hearings Panel grants an exception, it intends to fully satisfy the conditions outlined in the Nasdaq Staff memorandum and any related Panel requests, while focusing on maintaining compliance with continued listing standards.
