Hahn Loeser & Parks LLP recently advised its client, Låkril Technologies Corporation (“Låkril”) on its closing of a multi-million-dollar Series Seed Preferred Stock capital raise. The financing was led by GC Ventures America Corp. Låkril’s offering was co-led by Radicle Corn I, LP who invested in Låkril as the winner of the Radicle Corn Value Chain Challenge this year! Additional investments were made by venture capital firms, strategic investors, and angels. The investor coalition represents the breadth of the supply chain in the fight to replace petroleum-based coatings with home-grown bio-based products in daily life. Hahn Loeser Partner Molly Z. Brown led the transaction and was assisted by James M. Gianfagna, Jonathan C. Wolnik, C. Daniel Miller, Joel S. Sonnenberg and Soumil Desai.
“We have used Hahn Loeser as our full-service legal counsel since our founding in 2021 and appreciate their commitment to our success,” noted Låkril Technologies President Chris Nicholas. “Due to our high yields and process, BioAA can now compete economically with today’s petroAA and deliver a drop-in bio-based, sustainable alternative at the lowest possible price.”
About Låkril Technologies
Låkril catalyzes sustainability in chemical processes by selling acrylics and licensing related catalysts and process technology. Låkril is dedicated to providing low-cost drop-in bio-based, low-carbon replacements for the paints, coatings, adhesives, and superabsorbent industries. Låkril’s revolutionary catalyst technology for catalytic dehydration of α-hydroxy acids delivers industrial decarbonization with chemicals like bio-acrylic acid (BioAA).
