AgriForce Growing Systems enters sales agreement for up to $3.46 million offering

Published 23/10/2025, 14:24
AgriForce Growing Systems enters sales agreement for up to $3.46 million offering

AgriForce Growing Systems Ltd. (NASDAQ:AGRI) announced it has entered into a sales agreement with Yorkville Securities, LLC and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC. The agreement, dated October 21, 2025, allows AgriForce to offer and sell shares of its common stock with a total aggregate offering price of up to $3,457,461, through or to the sales agents acting as its sales agent or principal.

According to a statement in the SEC filing, the common shares will be issued under the company’s shelf registration statement on Form S-3 (Registration No. 333-266722). AgriForce filed a prospectus supplement with the U.S. Securities and Exchange Commission on October 21, 2025, in connection with the potential offer and sale of these shares.

As of October 21, 2025, AgriForce reported having 4,128,089 common shares issued and outstanding. The company is authorized to issue an unlimited number of common shares with no par value per share. Holders of common shares are entitled to one vote per share on all matters submitted to a stockholder vote, with no cumulative voting rights. A quorum for shareholder meetings requires representation of at least 33.3% of the issued and outstanding common shares entitled to vote, either in person or by proxy. Certain corporate actions, including liquidation or amalgamation, require a vote by holders representing at least two-thirds of the votes cast at a general meeting.

The company’s common shares trade on the Nasdaq Capital Market under the ticker symbol AGRI.

This article is based on a statement in a press release filed with the U.S. Securities and Exchange Commission.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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