AgriFORCE Growing Systems (AGRI) to Launch as First Publicly-Traded Avalanche-Focused Company on NASDAQ with a $550 Million Capital Raise Strategy

Rhea-AI Summary

AgriFORCE Growing Systems (NASDAQ: AGRI) announced its transformation into AVAX One, becoming the first NASDAQ-listed company focused on Avalanche blockchain technology. The company unveiled a $550 million capital raise strategy, aiming to accumulate over $700 million worth of AVAX tokens.

Led by CEO Jolie Kahn and nominated Chairman Matt Zhang, the company's strategy includes a $300 million PIPE and plans to raise an additional $250 million through equity-linked instruments. The strategic advisory board features industry leaders Anthony Scaramucci of SkyBridge Capital and Brett Tejpaul of Coinbase Institutional.

The initiative is backed by over 50 institutional and crypto-native investors, including ParaFi, Galaxy Digital, and Digital Currency Group. The company aims to become the 'Berkshire Hathaway of the onchain financial economy' by focusing on asset accumulation and integrating fintech businesses onto the Avalanche network.

Positive

• Strategic transformation to become first NASDAQ-listed Avalanche-focused company
• Substantial $550 million capital raise strategy targeting $700 million in AVAX tokens
• Strong backing from over 50 institutional and crypto-native investors
• Advisory board includes industry leaders from Coinbase, SkyBridge Capital
• Focus on cash-flowing fintech businesses integration creates potential NAV premium

Negative

• Capital raise subject to shareholder approval
• Securities offered in private placement with resale restrictions
• Significant transformation from current business model carries execution risks

Insights

Blockchain Technology Strategist

AGRI's transformation into AVAX One represents a significant shift in public market blockchain investment, creating first pure-play Avalanche exposure on NASDAQ.

This announcement represents a complete strategic transformation for AgriFORCE, pivoting from agricultural systems to becoming the first NASDAQ-listed company dedicated to maximizing ownership of AVAX tokens. The company plans to raise $550 million through a combination of a $300 million PIPE (Private Investment in Public Equity) and additional $250 million through equity-linked instruments.

The strategic significance here is substantial. While crypto ETFs offer exposure to Bitcoin or Ethereum, AVAX One provides the first public equity vehicle specifically focused on Avalanche - an institutional-grade blockchain with $6.2 billion in staked assets already securing its network. The company explicitly positions itself as the "Berkshire Hathaway of the onchain financial economy," indicating an investment holding company approach rather than a direct technology developer.

What's particularly notable is the leadership team's pedigree, featuring executives from Citi, Mastercard, and BlackRock, alongside advisors from Coinbase and SkyBridge Capital. This signals substantial institutional credibility. Their stated strategy involves both accumulating AVAX tokens and eventually acquiring cash-flowing fintech businesses to migrate onto Avalanche's network - creating what they describe as a "growth flywheel" that could potentially support a premium to net asset value.

The investor lineup is equally significant, with over 50 institutional and crypto-native participants including Galaxy Digital, Digital Currency Group, and Kraken. This represents a watershed moment in the institutional formalization of cryptocurrency investments through traditional public equity markets, focused specifically on the infrastructure supporting tokenized real-world assets.

Financial Analyst

The transformation of AgriFORCE into AVAX One marks a radical business model pivot with significant financial implications. The company is essentially becoming a publicly-traded investment vehicle for Avalanche tokens, targeting ownership of $700+ million in AVAX after completing their capital raise strategy.

This structure offers several financial advantages over traditional cryptocurrency investment options. Unlike ETFs that track crypto prices but don't directly influence network development, AVAX One's stated strategy includes both token accumulation and integration of fintech businesses onto Avalanche's network. This creates potential for value accrual beyond mere price appreciation of the underlying token.

The financial engineering is noteworthy: a $300 million PIPE (requiring shareholder approval) plus $250 million in future equity-linked instruments. This structured approach allows for significant capital formation while potentially minimizing immediate dilution compared to a standard secondary offering. The placement agent, Cohen & Company Capital Markets, has experience with complex financial structures in the crypto space.

The caliber of participating investors provides important validation. Beyond crypto-native firms, the involvement of traditional investment entities signals confidence in both the structure and the underlying Avalanche technology. Their participation suggests institutional comfort with the regulatory framework around this investment vehicle.

For existing AGRI shareholders, this represents a complete transformation of their investment thesis. While the company maintains its public listing, shareholders are effectively gaining exposure to an entirely different asset class and business model focused on blockchain infrastructure rather than agricultural technology. This level of fundamental redirection is highly unusual for a publicly-traded company.

Advised by Leaders from Coinbase and SkyBridge Capital, and Led by a Team from Citi, Mastercard, and BlackRock, Company Will Provide Pure-Play Exposure to Avalanche, the Platform for Onchain Finance

NEW YORK, Sept. 22, 2025 /PRNewswire/ -- AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) today announced it will be renamed AVAX One (the "Company") and plans to raise approximately $550 million, establishing the first NASDAQ-listed company with a dedicated strategy to maximize ownership of AVAX, the native token of the Avalanche network.

Avalanche is a high-speed, institutional-grade blockchain designed to be a foundational digital settlement layer for the future of finance. Its technology allows global leaders like KKR, Apollo and J.P. Morgan Chase to launch their own custom, compliant blockchains for the tokenization of real-world assets. The network is secured by $6.2 billion in staked assets.

"The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation," said Jolie Kahn, Chief Executive Officer of the Company. "For the first time, our company provides public market investors with a professionally-managed vehicle to invest directly in this transformation. Our mission is to maximize our ownership of this foundational technology, AVAX, on a per-share basis, delivering direct value to our shareholders as this new economy grows."

"Our vision is to build the 'Berkshire Hathaway of the onchain financial economy,' which is the execution of a multi-year thesis that Wall Street needs a smarter, more scalable way to get exposure to institutional grade blockchain infrastructure," said Matt Zhang, Founder of Hivemind Capital and nominated Chairman of the Board.

"Our near-term active strategy will focus on disciplined asset accumulation and, in the long run, acquiring and onboarding cash-flowing fintech businesses onto the Avalanche network. This creates a powerful growth flywheel and sustainable NAV premium that differentiates ourselves from all other digital asset treasury companies and ETFs," said Zhang, former global head of structured trading at Citi.

The goal of the Company's capital raising strategy is to own more than $700 million worth of AVAX tokens, making it a foundational partner in the growing ecosystem. The capital raise strategy will be constituted of a successfully raised approximately $300 million PIPE, subject to shareholder approval, and will involve near-future capital raising activities to raise up to an additional $250 million, that are expected to be focused on equity-linked instruments.

The Company's strategic advisory board will be led by Anthony Scaramucci, Founder of SkyBridge Capital, and Brett Tejpaul, Head of Coinbase Institutional, as well as other leaders in the finance industry to be revealed soon.

"The tokenization of assets is the single biggest theme for the next decade of finance," said Anthony Scaramucci. "Avalanche has clearly become the institutional-grade platform for this shift, and SkyBridge has already committed to tokenizing on the network. AVAX One will be the essential on-ramp for public investors to participate."

The capital raise is led by Hivemind Capital, with participation from over 50 institutional and crypto-native investors including ParaFi, Galaxy Digital, Digital Currency Group, Kraken, Cypher Capital, Big Brain Holdings, FalconX, Republic Digital, Borderless Capital, Summer Capital, GSR Ventures, Fintech Collective, Bastion Trading, CMCC Global Titan Fund, Hypersphere, Fifth Lane Capital, HashKey Capital and others.

The offer and sale of the foregoing securities in the PIPE is being made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreements, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") registering the resale of the shares of common stock.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Any offering of the securities under the resale registration statement will only be made by means of a prospectus.

Advisors

Cohen & Company Capital Markets ("CCM"), a division of Cohen & Company Securities, LLC, served as exclusive financial advisor to Hivemind Capital and exclusive placement agent to the Company.

Lowenstein Sandler LLP served as legal advisor to Hivemind Capital. Morgan, Lewis & Bockius LLP served as legal advisor to CCM.

About AVAX One

AVAX One will be the first NASDAQ-listed company with a dedicated mission to provide pure-play exposure to the Avalanche ecosystem. The Company's primary strategy will be to maximize AVAX per-share accretion for its shareholders through a disciplined, professionally managed approach to its digital asset treasury. Led by a team of veterans from institutional finance and advised by leaders from across the digital asset industry, AVAX One is being built to be the premier, regulated gateway for public market investors to participate in the growth of the onchain economy.

AVAX One will continue to operate its existing business AgriFORCE, a high-conviction, energy-led technology company operating at the convergence of digital infrastructure and clean power. Through its TerraHash Digital™ division, the Company builds and operates decentralized compute platforms powered by mobile, off-grid, natural gas systems.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including statements relating to the anticipated benefits and timing of the completion of the proposed offering and related transactions, the intended use of proceeds from the PIPE offering, expectations regarding future capital raising activity, the assets to be held by the Company, expectations regarding adoption of the Avalanche network, the expected future market, price and liquidity of the digital assets the Company acquires, the macro and political conditions surrounding digital assets, the Company's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, competitive position and the interest of other entities in similar business strategies, technological and market trends, future financial condition and performance, the expected financial impacts of the proposed transactions described herein, expectations relating to the receipt of shareholder approval and the timing of the closing of the PIPE offering. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the proposed transactions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the transactions and the proposed AVAX strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price of AVAX and other cryptocurrencies; the risk that the price of the Company's securities may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company's filings with the SEC. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements.

View original content:https://www.prnewswire.com/news-releases/agriforce-growing-systems-agri-to-launch-as-first-publicly-traded-avalanche-focused-company-on-nasdaq-with-a-550-million-capital-raise-strategy-302562817.html

SOURCE AgriFORCE Growing Systems Ltd.

FAQ

What is AGRI's plan to become AVAX One and how much capital does it aim to raise?

AGRI plans to rebrand as AVAX One and aims to raise $550 million, including a $300 million PIPE and additional $250 million through equity-linked instruments, to acquire over $700 million worth of AVAX tokens.

Who are the key leaders and advisors for AGRI's transformation to AVAX One?

The company is led by CEO Jolie Kahn and nominated Chairman Matt Zhang, with strategic advisors including Anthony Scaramucci (SkyBridge Capital) and Brett Tejpaul (Coinbase Institutional).

What is the long-term strategy for AVAX One (AGRI)?

The company aims to become the 'Berkshire Hathaway of the onchain financial economy' through disciplined AVAX token accumulation and acquiring cash-flowing fintech businesses to integrate onto the Avalanche network.

Which major investors are backing AGRI's transformation to AVAX One?

The capital raise is led by Hivemind Capital, with participation from over 50 investors including ParaFi, Galaxy Digital, Digital Currency Group, Kraken, and other major institutional and crypto-native investors.

What is the significance of Avalanche in AGRI's new business model?

Avalanche is a high-speed, institutional-grade blockchain with $6.2 billion in staked assets, used by major firms like KKR, Apollo, and J.P. Morgan Chase for tokenizing real-world assets.