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Hui Chen
Photo: NaturalShrimp
Jumbo (Shrimp) Deal: Dallas’ NaturalShrimp Set to Hit Nasdaq with Expected $275M Valuation
by Kevin Cummings | Oct 26, 2022
Dallas-based NaturalShrimp doesn't need to set sail for its Pacific white shrimp—it farm-raises them at large production facilities outside San Antonio and in Iowa, using proprietary aquaculture technology that can produce a “crop” of shrimp weekly. With an even bigger facility in Florida on the way, NaturalShrimp is set to hit the Nasdaq via a SPAC merger that could net it $105M in cash.
Its CEO says the move has "the potential to significantly accelerate our efforts for commercialization and the ramp up of production of our fresh, land-based gourmet-grade shrimp at the largest indoor farming facilities in the U.S."
