Agrify

Agrify Corp. operates as a developer of advanced and proprietary precision hardware and software grow solutions for the indoor agriculture marketplace. Its solutions include vertical forming units, LED grow lights, cultivation software, biosecurity, and equipment financing. The company was founded on June 6, 2016 and is headquartered in Burlington, MA.

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Agrify Corp. engages in the development of hardware and software solutions for indoor agriculture. The company was founded on June 6, 2016 and is headquartered in Troy, MI.

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BILLERICA, Mass., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the closing of its previously announced underwritten public offering of (i) 11,884,615 shares of its common stock, and, in lieu of common stock to certain investors that so chose, pre-funded warrants (the “Pre-Funded Warrants”) to purchase 1,500,000 shares of its common stock, and (ii) accompanying warrants (the “Common Warrants”) to purchase 26,769,230 shares of its common stock (the “Offering”).

Agrify Announces Closing of $8.7 Million Public Offering

Agrify (NASDAQ: AGFY ) stock is on the move Friday as the company's shares take a beating alongside a public stock offering. The public offering includes 11,884,615 shares of AGFY stock, 1.5 million pre-funded warrants to purchase shares of the company's stock, as well as warrants for another 26,769,230 shares of its stock.

Why Is Agrify (AGFY) Stock Down 50% Today?

BILLERICA, Mass., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the pricing of its underwritten public offering of (i) 11,884,615 shares of its common stock, and, in lieu of common stock to certain investors that so chose, pre-funded warrants (the “Pre-Funded Warrants”) to purchase 1,500,000 shares of its common stock, and (ii) accompanying warrants (the “Common Warrants”) to purchase 26,769,230 shares of its common stock (the “Offering”). The shares of common stock (or Pre-Funded Warrants) and the accompanying Common Warrants will be issued separately but can only be purchased together in the Offering. The combined public offering price for each share of common stock and accompanying two Common Warrants is $0.65, and the combined offering price for each Pre-Funded Warrant and accompanying two Common Warrants is $0.649, which equals the public offering price per share of the common stock and accompanying two Common Warrants, less the $0.001 per share exercise price of each Pre-Funded Warrant. The aggregate gross proceeds from the Offering are expected to be approximately $8.7 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by Agrify. All of the securities in the Offering will be sold by Agrify. The Offering is expected to close on December 20, 2022, subject to the satisfaction of customary closing conditions.

Agrify Announces Pricing of Public Offering

BILLERICA, Mass., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the launch of an underwritten public offering of shares of its common stock or, in lieu of common stock to certain investors that so choose, pre-funded warrants to purchase shares of its common stock, and accompanying warrants to purchase its common stock (the "Offering"). All of the securities in the Offering will be sold by Agrify. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed or as to the actual size or terms of the Offering.

Agrify Announces Launch of Public Offering

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Agrify Corporation (NASDAQ:AGFY ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Anna Kate Heller – Senior Vice President-Investor Relations Raymond Chang – Chief Executive Officer Timothy Oakes – Chief Financial Officer Conference Call Participants Remy Smith – Alliance Global Partners Eric Des Lauriers – Craig-Hallum Anthony Vendetti – Maxim Group Operator Greetings and welcome to the Agrify Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Agrify Corporation (AGFY) Q3 2022 Earnings Call Transcript

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News for Agrify Stock (AGFY)