AGRI - Why AgriFORCE Growing Systems Stock Is Down 30% | Benzinga
AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) shares are trading lower by 26.9% to $0.10 during Tuesday's session. The company late Monday filed a prospectus outlining the offer and sale of up to 432.5 million shares of common stock by selling stockholders.
The company itself is not selling any shares, and proceeds from the sale will go to the selling stockholders. However, the company will incur expenses related to the registration of these shares.
The selling stockholders have the discretion to sell the shares publicly or privately at prevailing market prices. They may be considered underwriters, and any profits or commissions from the sale ...