Agrify announces 1-for-20 reverse stock split

Billerica, mass., july 03, 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 the company's board of directors approved a 1-for-20 reverse stock split, to be effective as of 12:01 a.m. on wednesday, july 5, 2023. the company's common stock will open for trading on the nasdaq capital market on wednesday, july 5, 2023 on a split-adjusted basis under the current trading symbol “agfy.” the reverse stock split is intended to increase the per share trading price of the company's common stock to enable the company to satisfy the minimum bid price requirement for continued listing on the nasdaq capital market. ​
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