Moolec Science Announces Filing Of A Registration Statement On Form F-4 In Connection With Its Proposed Business Combination With LightJump Acquisition Corp.

Moolec Science Ltd. ("Moolec Science", "Moolec"), a science-based food ingredient company focused on the use of Molecular Farming technology; and LightJump Acquisition Corp. (NASDAQ:LJAQ, ", LightJump", ))))), a publicly traded special purpose acquisition company, today announced the filing of a registration statement on Form F-4 (the "Registration Statement") by Moolec Science SA (the "Combined Company"), which contains a preliminary proxy statement/prospectus, with the U.S. Securities and Exchange Commission ("SEC") in connection with their recently proposed business combination. While the Registration Statement, which can be found here, has not yet become effective, and the information contained therein is subject to change, it provides important information about Moolec's business and operations, proposed business combination with LightJump and the proposals to be considered by LightJump's stockholders.
 

Completion of the proposed business combination, which is expected to close by the end of 2022, is subject to the Registration Statement being declared effective by the SEC, approval by LightJump's stockholders, and other customary closing conditions. The Combined Company, will be led by Mr. Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science. Upon completion of the transaction, the Company is expected to become a public company listed on Nasdaq under the ticker symbol "MLEC".

The business combination sets the Combined Company's proforma equity value at $394 million and as a result of the transaction, the Combined Company is expected to be funded with approximately $27 million in cash proceeds held in LightJump's trust account, assuming no further LightJump shareholders exercise their redemption rights at closing and before transaction-related expenses. In addition, LightJump has entered into a backstop agreement with entities affiliated with Moolec to guarantee a minimum of $10 million at closing.