Mergers & AcquisitionsBy 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
NaturalShrimp, Inc. (SHMP)
Aquaculture Assets of Hydrenesis Aquaculture, LLC
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.