Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 10:30 PM
| This Slide: #66 of 100 |
Slide #66. NaturalShrimp, Inc. — Aquaculture Assets of Hydrenesis Aquaculture, LLC
Acquirer:
NaturalShrimp, Inc. (SHMP)
Acquiree:
Aquaculture Assets of Hydrenesis Aquaculture, LLC
Details:
NaturalShrimp, Inc., an aquaculture Company, which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has signed a Letter of Intent (LOI) to acquire the aquaculture assets of Hydrenesis Aquaculture, LLC for $12,500,000, consisting of $5,500,000 in cash and the balance due in NSI common stock. The acquisition is expected to be accretive to earnings in fiscal year 2021.
NaturalShrimp, Inc.: SHMP
Aquaculture Assets of Hydrenesis Aquaculture, LLC: PRIVATE
Aquaculture Assets of Hydrenesis Aquaculture, LLC: PRIVATE
