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Private Placement

SeaStock Pty Ltd

SEA5

Lead Manager

Minimum Investment

A$10,000

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Private Placement

Key Offer Details

Issue Price (Per Share)

A$0.500

Offer Size

A$1,500,000

Shares Available

3,000,000

Issuer: SeaStock Pty Ltd (ACN 653 497 146) (“SeaStock” or the “Company”)

Main Listing: Unlisted

Structure: Private placement ("Placement")

Placement Restrictions: Placement to “sophisticated Applicants” (as defined in section 708(8) of the Corporations Act 2001 (Cth) (“Corporations Act”)) and “professional Applicants” (as defined in section 708(11) of the Corporations Act), with allocation amongst such Applicants to be at the discretion of the Company.

Indicative Placement Type & Size: Private placement to raise up to $1,500,000 at a price of $0.50 (fifty cents) per fully paid ordinary share (“Share”) through the issue of 3,000,000 Shares in the Company.

The Company and Board reserve the right to increase or decrease the size of the Placement, alter the terms of the Placement or discontinue the Placement, in each case without further notice.

Indicative Issue Price: $0.50 (fifty cents) per Share

Speculative Investment: Any investment in the Company (including in the Company's Shares) is highly speculative and risky and there can be no guarantee or assurance that any future value or return will be realised.

Company Summary

SeaStock is a leading global marine science solutions company based in Western Australia.

SeaStock is committed to providing sustainably sourced raw ingredients, aligning with global trends towards environmental responsibility and sustainable practices. Since its foundation in 2021, the Company has made significant progress, with a focus on research and development, securing aquaculture leases, and establishing industry partnerships and collaborations. These efforts have culminated in SeaStock’s first commercial sales order for its concentrated bromoform livestock feed additive, obtained in July 2024. This represents a significant milestone for the Company.

SeaStock continues to attract funding support from various Government agencies in Australia and globally. This includes being awarded CHF 130,000 from a Swiss Government backed accelerator program, granted $140,000 by the Australian Commonwealth Government to fund commercialisation and $90,000 from the WA State Government to fund feasibility and go-to market strategy development.

SeaStock operates in a market with significant potential, given the growing demand for natural and sustainable products. SeaStock’s unique land-based, dual-extraction technique allows the Company to produce three separate products which can be commercialised across the agriculture, food and beverage, cosmetics and pharmaceutical and clean energy sectors, providing the Company with multiple potential income streams.

Managing Director, Tom Puddy and Minister Ed Husic on tour of the SeaStock facility in Fremantle

Recent Highlights

Selected for the prestigious Founders Factory Nature Tech Accelerator program.

Received $50,000 in funding support through the accelerator.

Awarded a $140,000 grant from the federal government's Industry Growth Program.

Achieved first commercial sale of Bromoform oil concentrate for livestock methane reduction.

Developing a unique dual extraction process with potential for multiple revenue streams.

Growing interest from commercial partners in naturally derived pharmaceutical grade red pigment.

Use of Funds

Funds raised will enable the Company to sustain its R&D and commercialisation program, including:

Develop sustainable production sites in Western Australian onshore locations;
Advance SeaStock’s technologies related to Asparagopsis;
Develop and commercialise high value product lines in the pharmaceutical and cosmetic industries;
Introduce its methane-reducing feed supplement (Bromoform) to domestic and global markets;
Introduce its natural pigment (R-Phycoerythrin) and other high value products to global markets;
Expand agreements with adjacent operators to access infrastructure in Western Australian; and
Pursue its strategy to protect the Company’s novel IP through the granting of relevant patent applications.

Indicative Timetable

The above dates are indicative and may be subject to change without notice. The Company and Directors reserve the right to extend the closing date of the Placement or close the Placement early without notice. All times are WST (Perth, Australia) unless stated otherwise.

The Company reserves the right to change the Timetable as necessary to complete the Private Placement.

Please note that the closing date has been updated to 31 December 2024.

Placement Opening Date

7 October 2024

Placement Closing Date

29 November 2024

Documents & Downloads

Term Sheet

Board & Management

Bryant Mclarty

Chairman

Bryant is an Australian Financial Services Licensee with more than 25 years real experience in Equities & Capital Markets, mainly in the innovation space.

He is the founder, Chairman and Director of many successful Private, ASX and LSE companies and is currently Chairman of Mac Equity Partners and Executive Director of Universal Biosecurity Ltd and digital trading platform, Liquidity.

His past directorships include London Stock Exchange listed aircraft leasing company Avation (AVAP), Hazer Group (HZR), EMvision (EMV), PharmAust (PAA) and synthetic chemistry business, Epichem.

He was IPO lead manager for Remsense, (REM) Wide Open Agriculture (WOA), Nanollose (NC6), Pharmaust (PAA), EMvision (EMV) and Hazer (HZR).

Tom Puddy

Managing Director

Tom has 27 years of corporate Australian Agricultural and Food Industry experience with a strong track record in project delivery, growth strategies, international trade marketing and commerce. He is also currently the CEO of Universal Biosecurity Ltd, delivering a sustainable fumigation technology solution for invasive pests.

His key career experience that will benefit SeaStock’s growth include;

Developed and implemented a bulk wheat export marketing strategy for Co-Operative Bulk Handling (CBH) during the grain industries deregulation period.

Created the investment strategy and project delivery for Blue Lake Milling - Australia’s largest oat milling and food processing business.

The development of the Craig Mostyn Groups containerised grain & hay exporting business.

Greg Harvey

Director

Greg is an experienced and entrepreneurial agribusiness leader with over 25 years’ experience in the Asia Pacific region. He has a deep knowledge of the global strategies and trends that will determine the future of the agri-food industry.

Today Greg is a co-founder and MD of one of WA’s largest agricultural investment companies, PenAgri Group. He is also a Non-Executive Director of Agora Livestock, Alterra Ltd, Carbon Conscious Ltd and D’Orsogna Limited.

Previously, Greg held roles including CEO and MD of Interflour Group, and CEO of Andrew and Nicola Forrest’s agricultural investment vehicle Harvest Road Group. He was an inaugural Director of the asparagopsis licensor Future Feed.

Greg is a graduate of the University of Western Australia, Monash University and the INSEAD Business School. He is a Fellow of the Australian Institute of Company Directors.

Sam Wright

Company Secretary

Sam Wright has twenty years experience in the administration of ASX listed companies, corporate governance and corporate finance. He is a member of the Australian Institute of Company Directors, the Financial Services Institute of Australasia, and the Chartered Secretaries of Australia.

Mr Wright is currently a Director of ASX listed companies, PharmAust Limited, Reach Resources Limited and Structural Monitoring Systems plc.

Mr Wright is Company Secretary for ASX listed companies, Buxton Resources Limited and Wide Open Agriculture Limited and has also filled the role of Director and Company Secretary with a number of unlisted companies.

Mr Wright has extensive experience in relation to public company responsibilities, including ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting, and shareholder relations with both retail and institutional investors.

Mr Wright is the Managing Director of Perth-based corporate advisory firm Straight Lines Consultancy, specialising in the provision of corporate services to public companies.

Disclaimer

This site does not constitute an offer, recommendation or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of SeaStock Pty Ltd. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents or advisers makes any representation or warranty about its accuracy, reliability, completeness or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data or advice contained or for any omission or for any other information, statement or representation provided to any recipient (including, but not limited to, as a result of information, data or advice being inaccurate, unreliable, incomplete or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this “Notice and Disclaimer” is invalid, illegal or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business, may directly share in this commission. Liquidity and its associates may hold shares in SeaStock Pty Ltd.

SeaStock Pty Ltd

SeaStock Pty Ltd

Key Offer Details

Company Summary

Recent Highlights

Use of Funds

Indicative Timetable

Documents & Downloads

Board & Management

Bryant Mclarty

Tom Puddy

Greg Harvey

Sam Wright

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