Agrify corporation announces termination of warrant inducement transaction

Billerica, mass., april 24, 2023 (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 that it will not consummate the warrant inducement transaction that agrify had previously announced on april 19, 2023, which, if completed, would have resulted in gross proceeds of up to $1.84 million and the issuance of approximately 21.3 million new warrants to exercising warrant holders.
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