Agrify provides update on its at-the-market equity program

Billerica, mass., oct. 27, 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 provided an update on sales under its previously announced at-the-market equity program (the “atm program”), which was established on october 18, 2022 with canaccord genuity serving as the sales agent. as of october 26, 2022, the company had sold a total of 6,038,817 shares of common stock under the atm program for aggregate gross proceeds of $15.40 million and net proceeds, after deducting commissions, of $14.94 million. as of october 26, 2022, the company had $34.60 million of remaining availability for future issuances of common stock under the atm program.
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