AgriFORCE Growing Systems, listed on NASDAQ as AGRI, has announced a significant shift in its financial strategy by focusing on the Avalanche blockchain. The company plans to raise $550 million to support its AVAX Treasury Strategy, aiming to accumulate over $700 million in AVAX tokens. This initiative marks AgriFORCE as the first Nasdaq-listed company dedicated to Avalanche technology.
The fundraising strategy includes a $300 million Private Equity Investment Plan (PIPE) and an additional $250 million through equity-linked instruments. The company's Strategic Advisory Board features notable industry figures such as Anthony Scaramucci from SkyBridge Capital and Brett Tejpaul from Coinbase Institutional. The initiative is supported by over 50 institutional and crypto-native investors, including ParaFi, Galaxy Digital, and Digital Currency Group.
AgriFORCE to Raise $550 Million for AVAX Treasury Strategy
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