Agrify Corporation Announces Pricing of $2.6 Million Public Offering
Summary
TROY, Mich., Feb. 28, 2024 (GLOBE NEWSWIRE) Agrify Corporation AGFY (Agrify or the Company), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the pricing of its public offering of 6,723,684 shares of common stock (or pre-funded warrants in lieu thereof) at a public offering price of $0.38 per share. Lucosky Brookman LLP served as counsel to the placement agent.The securities described above are being offered by Agrify pursuant to a registration statement on Form S-1, as amended (File No. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.Agrify is a leading provider of innovative cultivation and extraction solutions for the cannabis industry, bringing data, science, and technology to the forefront of the market. Our proprietary micro-environment-controlled Vertical Farming Units (VFUs), enable cultivators to produce the highest quality products with unmatched consistency, yield, and ROI (return on investment) at scale. Such forward-looking statements can be identified by the use of words such as should, may, intends, anticipates, believes, estimates, projects, forecasts, expects, plans, and proposes.