Jaguar8 commented on a stock · Nov 26, 2024 05:22

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S&W Finalizes Voluntary Plan of Administration Process for Australian Subsidiary

S&W Seed Company (SANW) has completed the voluntary administration process for its Australian subsidiary. The company transferred 100% of S&W Australia shares to Avior Asset Management No. 3 Pty , effective November 22, 2024. As part of the settlement, S&W will transfer white clover and alfalfa intellectual property, provide inventory, repay insurance proceeds, and offer transitional support. The company has been released from a AUD $15.0 million guarantee with National Australia Bank Moving forward, S&W will focus exclusively on U.S.-based operations, particularly its high-margin Double Team sorghum solutions and biofuels joint venture with Shell.

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Jaguar8

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