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Moolec Science SA reports that previously available financial support from shareholders and related parties is no…
MLECMoolec Science SA
Moolec Science SA reports that previously available financial support from shareholders and related parties is no longer accessible, necessitating replacement financing. This development coincides with a winding-up petition filed by Linklaters LLP regarding an alleged $2.3 million debt for legal services incurred under former management, which the Company disputes entirely. The loss of liquidity sources and the legal proceedings have significantly increased material uncertainty regarding the Company's ability to continue as a going concern and satisfy obligations. Moolec Science SA operates in the geothermal energy sector.