Core Insights - CULT Food Science Corp. has successfully closed a debt settlement agreement to resolve outstanding debts totaling $132,500 [1] - The company will issue 8,833,333 shares at a deemed price of $0.015 per share as part of the settlement [2] - The board of directors believes that completing the debt settlement is in the best interest 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 transform the global food industry [4] - The company's investment strategy includes acquiring equity, debt, or other securities of various entities, and providing operational and advisory support to portfolio companies [4] - The objective of the company is to reshape the global food system while enhancing long-term shareholder value through innovation and active stewardship [4]
CULT Food Science Closes Debt Settlement
Thenewswire·2025-11-05 00:55