SCHEDULE: Major Bioceres Crop Solutions Shareholders Reduce Stake to Settle Financial Obligations

Bioceres Group Limited and its affiliates have decreased their beneficial ownership in Bioceres Crop Solutions Corp. to 34.4% by settling financial obligations through a payment-in-kind of shares.

Summary

• Bioceres Group Limited, Bioceres LLC, and THEO I SCSp, collectively the Reporting Persons, filed Amendment No. 14 to their Schedule 13D.
• The amendment reports a decrease in the shares beneficially owned by the Reporting Persons.
• This decrease resulted from the settlement of certain financial obligations through a private payment-in-kind transaction using shares.
• The shares owned by the Reporting Persons, not subject to a specific shareholders' agreement, decreased from 22,039,023 to 18,561,323.
• In aggregate, the Reporting Persons now beneficially own 21,637,402 shares, representing approximately 34.4% of Bioceres Crop Solutions Corp.'s outstanding capital stock.
• This percentage is calculated based on 62,848,483 shares outstanding, as reported by the Issuer in its annual report on Form 20-F filed on October 30, 2024.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative as significant shareholders reduced their stake in the company to settle financial obligations, which could be interpreted as a divestment or a sign of financial pressure on the reporting entities, rather than a strategic investment increase.

Positives

• The transaction allowed the Reporting Persons to settle outstanding financial obligations.

Negatives

• The Reporting Persons' beneficial ownership in Bioceres Crop Solutions Corp. decreased by 3,477,700 shares due to the payment-in-kind transaction.
• The reduction in stake could be perceived as a decrease in the Reporting Persons' direct investment or commitment to the Issuer.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the Issuer's future operations or financial performance.

Management Comments

• The document does not contain notable quotes or paraphrased statements from company management of Bioceres Crop Solutions Corp. It primarily details the beneficial ownership changes of the Reporting Persons.

Industry Context

This Schedule 13D amendment primarily concerns changes in beneficial ownership by a group of significant shareholders and does not provide information to analyze broader industry trends or competitive landscape for Bioceres Crop Solutions Corp.

Legal Proceedings

• The Reporting Persons have not been convicted in any criminal proceedings or been party to any civil proceedings resulting in judgments, decrees, or final orders related to federal or state securities laws during the last five years.

Related Party Transactions

• The document refers to a Shareholders Agreement dated March 5, 2019, involving Bioceres LLC and other parties, which was previously filed.
• The current transaction is a private settlement of financial obligations by the Reporting Persons.

Stakeholder Impact

• Shareholders: The decrease in beneficial ownership by a significant shareholder group could be perceived negatively, potentially impacting investor confidence or signaling a lack of further commitment from these key holders.
• Creditors: The settlement of financial obligations by the Reporting Persons through payment-in-kind indicates that their debts were addressed, which is positive for their creditors.

Next Steps

• The document does not mention any specific future actions, events, or milestones for Bioceres Crop Solutions Corp. or the Reporting Persons beyond the filing itself.

Key Dates

Keywords

Bioceres Crop Solutions Corp., Schedule 13D, beneficial ownership, shareholding, payment-in-kind, financial obligations, SEC filing, Bioceres Group Limited, Bioceres LLC, THEO I SCSp