Agrify corporation announces pricing of upsized $54 million initial public offering

Burlington, mass., jan. 27, 2021 (globe newswire) -- agrify corporation (nasdaqcm:agfy) (“agrify” or the “company”), a developer of highly advanced and proprietary precision hardware and software grow solutions for the indoor agriculture marketplace, today announced the pricing of its upsized initial public offering of 5,400,000 shares of common stock at a price of $10.00 per share for total gross proceeds of $54 million, before deducting underwriting discounts and commissions and offering expenses payable by agrify. the shares of common stock are expected to begin trading on the nasdaq capital market under the symbol “agfy” on january 28, 2021.
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