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Moolec Science SA

For the period ended Jun 30, 2024. Filed Oct 30, 2024.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2024 · Filed Oct 30, 2024

MLEC$0.85-39.3%Stored close · as of Nov 2, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30,2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________ to ________________

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report: __________

Commission file number:001-41586

Moolec Science SA

(Exact name of Registrant as specified in its charter)

(Jurisdiction of incorporation)

17, Boulevard F. W. Raiffeisen

L-2411 Luxembourg,

R.C.S. Luxembourg: B268440

+352 26 49 65 65

(Address of principal executive offices)

Florencia Bottero

Corporate Counsel and Secretary of the Board

17, Boulevard F. W. Raiffeisen

L-2411 Luxembourg,

legal@moolecscience.com

+54 341 486 1100

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Copies to:

Matthew S. Poulter

Emilio Minvielle

Linklaters LLP

1290 Avenue of the Americas

New York, NY 10104

Phone: (212) 903-9000

Fax: (212) 903-9100

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of each exchange on which registered
Ordinary Shares, with nominal value of US$0.01 per shareMLECNasdaq Stock Market LLC
Warrants, exercisable for ordinary sharesMLECWNasdaq Stock Market LLC

Securities registered or to be registered pursuant to Section 12(g) of the Act:

None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

Ordinary Shares

Warrants

Indicate the number of outstanding shares of each of the issuer’s classes of capital stock or common stock as of the close of business covered by the annual report.

38,440,602 ordinary shares were issued and outstanding as of June 30, 2024.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

☐ Yes ☒No

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

☐ Yes ☒No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

☒Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

☒Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐Non-accelerated filer ☒Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐

†The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

US GAAP ☐International Financial Reporting Standards as issued by the International Accounting Standards Board ☒Other ☐

If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registrant has elected to follow.

☐ Item 17 ☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

☐ Yes☒ No

Table of Contents

PART I1
INTRODUCTORY NOTE AND PRESENTATION OF FINANCIAL AND OTHER INFORMATION1
ITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS3
A.Directors and Senior Management3
B.Advisors3
C.Auditors3
ITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLE3
A.Offer Statistics3
B.Method and Expected Timetable3
ITEM 3.KEY INFORMATION4
A.[RESERVED]4
B.Capitalization and Indebtedness4
C.Reasons for the Offer and Use of Proceeds4
D.Risk Factors4
ITEM 4.INFORMATION ON THE COMPANY41
A.History and Development of the Company41
B.Business Overview46
C.Organizational Structure53
D.Property, Plant and Equipment53
ITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTS54
A.Operating Results54
B.Liquidity and Capital Resources56
C.Research and Development, Patents and Licenses, etc.58
D.Trend Information58
E.Critical Accounting Estimates58
ITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES59
A.Directors and Senior Management59
B.Compensation61
C.Board Practices62
D.Employees64
E.Share Ownership64
F.Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation65
.
ITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS66
A.Major Shareholders66
B.Related Party Transactions66
C.Interests of Experts and Counsel67

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ITEM 8.FINANCIAL INFORMATION68
A.Consolidated Statements and Other Financial Information68
B.Significant Changes68
ITEM 9.THE OFFER AND LISTING68
A.Offer and Listing Details68
B.Plan of Distribution68
C.Markets68
D.Selling Shareholders68
E.Dilution68
F.Expenses of the Issue68
ITEM 10.ADDITIONAL INFORMATION69
A.Share Capital69
B.Memorandum and Articles of Association69
C.Material Contracts72
D.Exchange Controls75
E.Taxation75
F.Dividends and Paying Agents82
G.Statement by Experts82
H.Documents on Display82
I.Subsidiary Information82
ITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK82
ITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES82
A.Debt Securities82
B.Warrants and Rights82
C.Other Securities82
D.American Depositary Shares82
PART II83
ITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES83
A.Defaults83
B.Arrears and Delinquencies83
ITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS83
ITEM 15.CONTROLS AND PROCEDURES83
A.Disclosure Controls and Procedures83
C.Attestation Report of the Registered Public Accounting Firm84
D.Changes in Internal Control Over Financial Reporting84
ITEM 16.Reserved84
A.Audit Committee Financial Expert84
B.Code of Ethics84
C.Principal Accountant Fees and Services85
D.Exemptions from the Listing Standards for Audit Committees85
E.Purchases of Equity Securities by the Issuer and Affiliated Purchasers85
F.Change in Registrant’s Certifying Accountant85
G.Corporate Governance86
H.Mine Safety Disclosure86
I.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections86
J.Insider Trading Policies86
K.Cybersecurity86
PART III87
ITEM 17.FINANCIAL STATEMENTS87
ITEM 18.FINANCIAL STATEMENTS87
ITEM 19.EXHIBITS88

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.