FSI Swaps FL LLC Stake for Exclusive Latin America Ag Rights

Under the new arrangement, FSI gains the intellectual property and exclusive sales rights for four agricultural products it had been manufacturing for a decade. CEO Dan O'Brien said the company believes "lost sales can be recovered and the historic revenue we saw from the FL LLC investment can be realized again." O'Brien added that full revenue recovery "will not be immediate but we feel that significant progress will be made in the second half of 2026."

FSI's NanoChem Solutions subsidiary produces biodegradable polymers using thermal polyaspartate (TPA) for crop enhancement and water treatment. The Latin American agricultural chemical market has been a growth focus for the company. By regaining direct control of the product line after the buyer defaulted, FSI eliminates the cash-flow risk tied to the former earnout structure. The swap also cancels the $800,000 annual payment stream that had already stopped.

The company also manufactures water and energy conservation products and, since 2022, food and nutrition supplements from its FDA-approved Peru plant. FSI's stock, listed on the NYSE American, traded near $1.80 in the days before the announcement.