r/Agronomics_Investors

The deadline was supposed to be July 20, but it’s been extended bc there were apparently multiple companies showing interest. It’s unfortunately not known which companies other than Upside were interested, but it’s rather unlikely any of them are ANIC bc I don’t think any of them have more than $50m lying around (please correct me if I’m wrong). The factory is a big deal bc its capacity is 100x the current global CM output. I just hope it’ll actually be used for CM and not be converted to a data center or smth

One of the biggest players in the meat industry, Archer Daniels Midland (ADM), announced that it will begin mass-manufacturing egg whites via precision fermentation using the EVERY Company's OvoPro: https://www.fooddive.com/news/adm-every-ovopro-eggs-precision-fermentation-protein-ingredients/825437/

Agronomics Limited (AIM: ANIC), a leading listed company focused on the field of clean food, announces that it was notified on 13 July 2026 that Jim Mellon, Executive Chair of the Company, purchased 27,490,407 ordinary shares of £0.000001 each in the Company ("Ordinary Shares") for total consideration of US$2,000,000 (approximately £1,493,200) at a price of 5.43 pence per Ordinary Share on 13 July 2026. The Ordinary Shares were purchased from BlueNalu, Inc. ("BlueNalu").

The Company announced on 30 December 2025 that BlueNalu had been issued 30,643,003 Ordinary Shares as part of a funding round for BlueNalu. BlueNalu had notified the Company's broker of its intention to sell those Ordinary Shares, subject to the applicable lock-in and orderly market arrangements. Mr Mellon's acquisition avoids those Ordinary Shares being sold in the market and provides immediate working capital to BlueNalu.

Mr Mellon has also been granted a right of first refusal to acquire the remaining 3,152,596 Ordinary Shares held by BlueNalu at a price to be agreed by the parties at the time the right of first refusal is exercised. The right of first refusal expires on 1 October 2026.

To facilitate the acquisition by Mr Mellon, the Company has waived the lock-in and orderly market restrictions imposed on BlueNalu at the time the Ordinary Shares were issued (the "Waiver"). As a condition of Mr Mellon's acquisition, he has agreed to equivalent lock-in and orderly market arrangements with the Company in relation to the Ordinary Shares acquired from BlueNalu. Mr Mellon has confirmed to the Board that he has no current intention to sell any Ordinary Shares. He has also purchased Ordinary Shares in the market during 2026 and has indicated that it remains his intention to continue purchasing additional Ordinary Shares should the current significant discount to the Company's published net asset value continue.

As at close of business on 10 July 2026, the Ordinary Shares traded at a discount of approximately 56 per cent. to the Company's net asset value per share as at 30 June 2026 of 12.93 pence, as published on 10 July 2026.

As a further condition of the Waiver, BlueNalu has agreed that the Company shall be granted the right to appoint a director nominee to the board of BlueNalu; previously, the Company had the right to appoint an observer only. Following completion of Mr Mellon's acquisition, Mr Mellon has been appointed as a director of BlueNalu as the Company's appointed nominee.

Following the investment announced on 30 December 2025, Agronomics holds 2,519,609 preferred shares of BlueNalu with a book value, inclusive of the CPN investment at face value, of approximately US$ 15.54 million. Following the share subscription and the consummation of BlueNalu's convertible promissory note round, Agronomics is expected to hold approximately 12.96 per cent. of BlueNalu's issued shares on a fully diluted basis.

In addition to the acquisition from BlueNalu, brokers acting for Mr Mellon acquired a further 6,050,000 Ordinary Shares between 13 March 2026 and 27 March 2026. These purchases were not previously notified by the Company and are set out below: (see link for the table)

Following the acquisitions described above, Mr Mellon's total interest in the Company, including interests held by persons closely associated with him, is 199,316,404 Ordinary Shares, representing 18.30 per cent. of the Company's total voting rights held as follows: Jim Mellon directly: 41,347,369, Galloway Limited: 157,944,938 and Shellbay Investments Limited: 24,097.

Conversation with Steven Finn; he also mentions Liberation Bioindustries.
Steven Finn is a member of the board of Lib-Bio.

Obviously a terrible thing per se, but I can’t help but feel that it will accelerate the rise of precisions fermentation. Shortages of palm oil can only help CFGs business model.