Lifecore Signs Term Sheet with Existing Long-Term Customer to Expand CDMO Relationship

 Provides $10 million upfront cash commitment to Lifecore for infrastructure preparation and production capacity preparation

Customer to provide reimbursement for up to $15 million in capital expenditures to expand capacity

Contemplates negotiation of multi-year amendment to extend and expand existing relationship

https://finance.yahoo.com/news/lifecore-biomedical-signs-term-sheet-202400585.html