Agrify Announces $25.9 Million Non-Brokered Private Placement [Yahoo! Finance]
Agrify Corporation (AGFY)
Company Research
Source: Yahoo! Finance
solutions for the cannabis and hemp industries, today announced the Company has entered into securities purchase agreements with institutional and accredited investors in a non-brokered private placement priced at $22.30 per share for aggregate proceeds of approximately $25.9 million. The Company intends to use the proceeds from the private placement for general corporate purposes, including, among other things, working capital and business development. The private placement is expected to close on November 21, 2024, subject to the satisfaction of customary closing conditions. Benjamin Kovler, Chairman and Interim Chief Executive Officer, participated in the private placement to purchase 10,000 shares of common stock at a purchase price of $38.76 in compliance with applicable Nasdaq requirements. “This funding is a strong move for Agrify and our shareholders as we were able to raise approximately $26 million in a non-brokered deal (gross equals net),” said Chairman and Interim CEO B
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AGFY
News
- Agrify Corporation Closes on Acquisition of Señorita [Yahoo! Finance]Yahoo! Finance
- Agrify Corporation Closes on Acquisition of SeñoritaGlobeNewswire
- Agrify Announces $25.9 Million Non-Brokered Private PlacementGlobeNewswire
- Agrify Corporation Announces Results for Third Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Agrify Corporation Announces Results for Third Quarter 2024GlobeNewswire
AGFY
Sec Filings
- 12/16/24 - Form SCHEDULE
- 12/16/24 - Form 4
- 12/16/24 - Form 3/A
- AGFY's page on the SEC website