Agronomics announces new funding for Liberation Labs

LONDON: Agronomics (LSE: ANIC), a leading company in cellular agriculture, has reported that its portfolio company Liberation Labs Holdings Inc. has raised an additional US$ 3.5 million through a Secured Promissory Note.

Agronomics contributed US$ 2.0 million from its own cash reserves. The Note carries an annual interest rate of 10% and will mature on October 10, 2027.

Additionally, Liberation Labs has been awarded US$ 1.39 million from the US Department of Defense’s Distributed Bioindustrial Manufacturing Program.