2023-04-19 08:34:32 ET
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Agrify ( NASDAQ: AGFY ) to raise up to $1.84M in gross proceeds from the exercise of 10.65M stock warrants issued in the company’s public offering from December, 2022, or the existing warrants.
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On April 18, 2023, the company reduced the exercise price of all the existing warrants from $0.65 per share to $0.1725 per share.
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The company will issue new warrants to purchase 200% of the shares exercised pursuant to the existing warrants from April 18, 2023.
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The stock price is down 22% during pre-market hours.
For further details see:
Agrify down 22% on raising $1.84M via exercise of stock warrants