NEWS FEED & ADDITIVE MAGAZINE July 2023 81 NaturalShrimp Incorporated, a biotechnology aquaculture company that has developed and patented the first shrimp-focused commercially operational RAS (Recirculating Aquaculture System), announced that it terminated its previously announced Merger Agreement with Yotta Acquisition Corporation and its wholly owned subsidiary, Yotta Merger Sub, Inc. The termination is based on Yotta’s inability to comply with the provision of its Amended and Restated Certificate of Incorporation that prohibits Yotta from consummating an initial business combination unless it has net tangible assets of at least $5,000,001 upon consummation of such initial business combination, in connection with the transactions contemplated with the Merger Agreement, which makes impossible the satisfaction of certain conditions to NaturalShrimp’s obligations to consummate, and the consummation of, such transactions. “After working on this for almost twelve months, we are naturally disappointed in this news,” stated William Delgado, Chief Financial Officer and Treasurer of NaturalShrimp. “We are currently in negotiations with another entity which will involve a Re-IPO and a new capital raise of between $10- $12M. This opportunity has the full support of management, its advisors, and its Investment Banking team. The timing of this Re-IPO, if executed, will result in an uplist on similar timing as the previous business combination agreement.” Read more>> NaturalShrimp terminates merger agreement with Yotta The American Feed Industry Association (AFIA) announced the addition of Ivy Torres as its global programs specialist, effective July 10. In this newly created AFIA position, Torres will be responsible for supporting international market access and development programs worldwide, and the development, implementation, and communication of the association’s global policy goals and activities. She will also support the work of AFIA’s International Trade Committee. "Ivy brings a wealth of global programming expertise as well as the desire to broaden her knowledge into the wider international policy, and trade sphere and agriculture as a whole,” said Gina Tumbarello, AFIA’s senior director of global strategies, policy and trade. “We are very excited for her to expand the U.S. animal food industry’s international trade work and join our legislative and regulatory team!” Previously, Torres served as a manager of global programs at the U.S. Grains Council, where she assisted on market development programs with strategic analysis, program planning and development, implementation and evaluation, actual cost and end-result contracting, budgeting and accounting, administration, and communications. In addition, she organized 60+ trade teams and missions each year. Read more>> AFIA announces Ivy Torres as global programs specialist Ivy Torres
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