AGFY - Why Is Cultivation Solutions Provider Agrify Stock Soaring Today? | Benzinga
Shares of Agrify Corporation (NASDAQ:AGFY) are soaring after the news of its proposed acquisition.
Vertical farming technology and infrastructure provider Nature’s Miracle Holding Inc. (NASDAQ:NMHI) entered into a term sheet to acquire 100% of all the outstanding shares of Agrify.
Each shareholder of Agrify would be expected to receive approximately 0.45 of a share of Nature’s Miracle for each share of Agrify common stock.
Based on the fully diluted shares outstanding of 15.17 million and NMHI closing price of $0.93 as of April ...