Agrify announces closing of $8.7 million public offering

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”).
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