Workflow
CULT Food Science Announces Debt Settlement
Thenewswireยท2025-08-15 01:25

Core Insights - CULT Food Science Corp. has entered into debt settlement agreements to resolve outstanding debts totaling $273,350 [1] - The company will issue 18,223,333 common shares at a deemed price of $0.015 per share as part of the debt settlement [2] - The board believes that completing the debt settlement is in the best interests of the company to preserve cash for working capital [3] Company Overview - CULT Food Science is focused on pioneering the commercialization of lab-grown meat and cellular agriculture to reshape the global food industry [4] - The company's investments may include acquiring equity, debt, or other securities, and providing operational and advisory support to portfolio companies [4] - The objective is to enhance long-term shareholder value through active stewardship and innovation in the food system [4]