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Agriforce Growing Systems Ltd. (NASDAQ:AGRI) announced the issuance of restricted common shares to directors, officers, and certain service providers, as well as the conversion of debt into equity, according to a press release statement based on a Thursday filing with the Securities and Exchange Commission.
The company’s board approved the issuance of restricted common shares to several directors and officers. Directors David Welch, John Meekison, Elaine Goldwater, and Richard Levychin are each set to receive 42,194 restricted common shares. Director Amy Griffith will receive 21,097 restricted common shares. Jolie Kahn will receive 46,413 restricted common shares as compensation for prior services, and both Jolie Kahn and Chris Polimeni will each receive an equity bonus of 105,485 restricted common shares in recognition of prior services. David Welch will also receive an additional 42,194 restricted common shares for prior services. All shares are scheduled to be issued on Thursday at a price equal to the closing price on Wednesday and are subject to lockup agreements entered into in January 2025.
In addition, Agriforce Growing Systems reported the issuance of common shares in partial conversion of previously issued debentures. On September 15, 2025, 156,155 common shares were issued to Pioneer Capital Anstalt. On September 17, 2025, 193,440 common shares were issued to Anson Investments Master Fund and 54,560 common shares were issued to Anson East Master Fund LP.
All share issuances were made in transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
Agriforce Growing Systems’ common shares are listed on the Nasdaq Capital Market under the symbol AGRI. The information in this article is based on a press release statement and the company’s filing with the SEC.
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