AgriFORCE shareholders approve $300 million investment deal, expected to be completed by October 30, becoming AVAX treasury company
Jinse Finance reported that AgriFORCE Growing Systems (NASDAQ: AGRI) announced that the company has received shareholder approval to complete the previously announced transaction, becoming the first publicly listed company focused on the Avalanche ecosystem. This transaction includes a private investment in public equity (PIPE) of approximately $300 million led by Hivemind Capital, which is expected to be completed by October 30. After the transaction is completed, the company will be renamed AVAX One and will change its stock ticker to reflect its strategic focus on the Avalanche ecosystem. AVAX One plans to hold over $700 million worth of AVAX tokens through a digital asset treasury strategy, aiming to build an institutional-grade Avalanche access platform. The company will continue to operate its existing AgriFORCE business, focusing on energy-driven digital infrastructure and clean energy technology.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum financial firm ETHZilla sells $40 million worth of ETH to advance $250 million stock buyback plan
Bitwise Solana Staking ETF to be listed on the New York Stock Exchange on Tuesday
