Shellfish Solutions Inc. announced that it expects to receive $3.999996 million in funding
December 11, 2022
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Shellfish Solutions Inc. announced that it will receive $3,999,996.42008 in funding on December 12, 2022. The company will issue securities pursuant to the exemption provided under Regulation D. The company will issue 368,596 series seed-2 preferred shares at a price of $10.85198 per share in the transaction. The preferred shares have a par value of $0.001 per share.
The preferred shares will be convertible to common shares at their original issue price. The round will be raised at a post-money valuation of $6,278,717.
Where Food Comes From, Inc. provides a trusted resource for third-party verification of food production practices in North America. The Company supports approximately 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs and restaurants with a variety of value-added services. The Companyâs segments include Verification and Certification and Professional Services. The Verification and Certification Segment offer a range of products and services to maintain identification, traceability, and verification systems. It conducts both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural products are accurate. The Professional services include a range of professional consulting, data analysis, reporting and technology solutions that support its verification business and generate incremental revenue specific to the food and agricultural industry.