Moolec warns going-concern risk rises after Linklaters winding-up petition hits liquidity
MLEC•Planned legal action
The company plans to pursue claims against Linklaters for losses and costs tied to the petition.
Liquidity and going-concern warning
Moolec flagged a material deterioration in liquidity, raising going-concern risk as prior shareholder and related-party financial support ended.
A winding-up petition filed by Linklaters over a disputed alleged debt has hindered efforts to secure replacement financing.
Disputed fees and management response
Linklaters billed about USD 6.1 million from January 2023 through June 2025; about USD 3.8 million was paid; about USD 2.3 million is claimed unpaid.
Current management said it did not approve or ratify the disputed fee arrangements.
