K&L Gates Advises LightJump Acquisition Corp. on Combination with Moolec Science Ltd.
New York - Global law firm K&L Gates LLP has advised LightJump Acquisition Corporation (NASDAQ: LJAQU), a Silicon Valley SPAC, in its US$504 million definitive Double Dummy business combination agreement with Moolec Science Ltd. The agreement resulted in the newly created affiliate Moolec Science SA, a Luxembourg company that will be publicly listed on Nasdaq.
Moolec is an agricultural biotech company that is working in Argentina on genetically engineered soybeans that can express animal protein. Moolec Science SA will be publicly traded under the ticker symbol “MLEC” and will be the first Molecular Farming FoodTech company to be listed on the Nasdaq Exchange. The transaction is expected to be completed in the second half of 2022, subject to customary conditions.
LightJump is a Delaware blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. A team from K&L Gates also previously represented LightJump in its US$138 million SPAC IPO.
The K&L Gates team that advised LightJump was led by New York partner Robert Matlin and Los Angeles partner Leib Orlanski, and included New York partner Matthew Ogurick, Charlotte partner Leah Baucom, and associates Jacqulyn Lewis and Steven Shur.
Robert Bennett, the head of LightJump Acquisition Corporation said, “We are very excited about our opportunity to participate with Moolec in its approach to providing the food industry with a plant based source of animal protein. LightJump looked at numerous companies with whom to merge before finding this unique company and we appreciate the support and guidance we received from the K&L Gates team in our initial IPO and throughout the process of getting to our Business Combination Agreement with Moolec.”
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.