The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Mar. 3, 10:30 PM

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
 

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