Liberation Labs Holdings, Inc announced a private placement of a secured convertible promissory note for a gross proceeds of $12.5 million on April 5, 2024. The transaction included participation from returning investors, Agronomics Limited, for $10 million, and Siddhi Capital, LLC, for $2.5 million. The note will convert into the same instrument and terms as the qualified financing which is anticipated to raise a minimum of US$ 37.5 million through a combination of debt and equity.

The investor, Agronomics Limited now holds 37.5% stake in the company.