LONGMONT, Colo., Dec. 19,
2023 /PRNewswire/ -- S&W Seed Company (Nasdaq:
SANW), a global agricultural technology company, today announced
the nomination of senior biotechnology executive Jeffrey Rona to its Board of Directors.
Mr. Rona has more than 30 years of experience as a Chief
Business Officer, Chief Financial Officer, and investment banker.
He is currently the Chief Business and Financial Officer of Ovid
Therapeutics, a Nasdaq listed biopharmaceutical company. Prior to
joining Ovid Therapeutics, he was the Western region Managing
Director for Danforth Advisors, a life science financial strategy
consultancy.
"We are very pleased to have Jeff join our board of directors.
As a seasoned executive, he brings to S&W broad experience in
corporate finance, M&A, business development, corporate
strategy, accounting, tax and financial operations," said
Alan Willits, Chairman of the Board
for S&W Seed Company. "Jeff is recognized as a strategic
thinker with deep knowledge of the broader life sciences sector and
capital markets for micro-cap companies. We look forward to his
contributions as a member of the S&W board."
In addition to Mr. Rona's recent experience with Ovid and Danforth Advisors, he previously held
the titles of Chief Business Officer at GlobeImmune, Chief
Financial Officer at AlgoRx Pharmaceuticals, and Director,
Investment Banking at UBS. Over the span of his career, he has
completed more than 50 transactions totaling $3 billion in deal value. Mr. Rona received his
Bachelor of Science degree in accounting from Case Western Reserve University.
"I believe S&W is ideally positioned at the cross section of
agriculture and biotechnology," Mr. Rona added. "I am excited to
join the board as the Company looks to expand on its leading
agritech position within sorghum, as well as other novel crops and
cropping systems, which contribute to animal forage, renewable
fuels, and cover crops."
About S&W Seed Company
Founded in 1980, S&W
Seed Company is a global multi-crop, middle-market agricultural
company headquartered in Longmont,
Colorado. S&W's vision is to be the world's preferred
proprietary seed company which supplies a range of sorghum, forage
and specialty crop products that supports the growing global demand
for animal proteins and healthier consumer diets. S&W is a
global leader in proprietary alfalfa and sorghum seeds with
significant research and development, production and distribution
capabilities. S&W also has a commercial presence in pasture and
sunflower seeds, and through a partnership, is focused on
sustainable biofuel feedstocks primarily within camelina. For more
information, please visit www.swseedco.com.
Safe Harbor Statement
This release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"anticipates," "believe," "expected," "may," "future," "plans,"
"should" or "will." Forward-looking statements in this release
include, but are not limited to, S&W's position at the cross
section of agriculture and biotechnology. You are cautioned that
such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or
results to differ materially from those projected in the
forward-looking statements, including risks and uncertainties
related to: the effects of macroeconomic events, such as the
COVID-19 pandemic, and uncertain market conditions, such as
inflation and supply chain disruptions, on our business and
operations; the sufficiency of our cash and access to capital in
order to meet our liquidity needs, including our ability to pay our
growers as our payment obligations come due; our need to comply
with the financial covenants included in our loan agreements,
refinance certain of our credit facilities and raise additional
capital in the future and our ability to continue as a "going
concern"; changes in market conditions, including any unexpected
decline in commodity prices, may harm our results of operations;
changes in the competitive landscape and the introduction of
competitive products may negatively impact our results of
operations; our business and strategic initiatives may not achieve
the expected results; previously experienced logistical challenges
in shipping and transportation of our products may become
amplified, delaying our ability to recognize revenue and decreasing
our gross margins; and the risks associated with our ability to
successfully optimize and commercialize our business. These and
other risks are identified in our filings with the Securities and
Exchange Commission, including, without limitation, our Annual
Report on Form 10-K for the year ended June
30, 2023 and in other filings subsequently made by us with
the Securities and Exchange Commission. All forward-looking
statements contained in this press release speak only as of the
date on which they were made and are based on management's
assumptions and estimates as of such date. We do not undertake any
obligation to publicly update any forward-looking statements,
whether as a result of the receipt of new information, the
occurrence of future events or otherwise.
Company Contact:
Mark
Herrmann, Chief Executive Officer
S&W Seed Company
Phone: (720) 593-3570
www.swseedco.com
Investor Contact:
Robert
Blum
Lytham Partners, LLC
Phone: (602) 889-9700
sanw@lythampartners.com
www.lythampartners.com
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SOURCE S&W Seed Company