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Bioceres SA Enters Creditor Protection as Parent Loses Control

SEC filings by Moolec Science detail an IFRS 10 deconsolidation that reshapes the group’s accounts without resolving the Argentine unit’s liabilities.

Overview

  • Moolec’s latest SEC filings confirm Bioceres SA’s voluntary creditors’ proceeding approved on December 16, 2025, with loss of control and an expected court-appointed trustee to oversee the process.
  • Under IFRS 10, Moolec expects non-cash gains of about $91 million from Bioceres SA and $5.3 million from Bioceres LLC due to deconsolidation effects.
  • The restructuring severs ties with Nasdaq-listed Bioceres Crop Solutions (BIOX), after creditors auctioned 3.06 million pledged BIOX shares linked to Bioceres LLC.
  • Luxembourg vehicle Theo I SCSp entered bankruptcy on November 28, 2025, generating an additional $9.5 million accounting gain from deconsolidation.
  • Moolec completed a 15-for-1 reverse stock split on January 5, 2026, while Bioceres SA remains burdened by more than ARS 9.4 billion in outstanding promissory notes.