AVAX One Technology Ltd., formerly AgriFORCE Growing Systems Ltd., reports developments tied to its transformation into an Avalanche-focused public company and digital asset treasury business. Company news has covered the corporate name and ticker change from AGRI to AVX, the closing of PIPE financing, common-share capital structure actions, and Nasdaq listing-related matters.
Updates also address the company’s digital infrastructure activities, including TerraHash Digital, crypto mining deployments in Alberta, and initiatives at the intersection of digital assets, off-grid energy and compute infrastructure. Recurring disclosures include shareholder voting matters, governance updates, operating and financial results, and material agreements supporting the company’s post-AgriFORCE strategy.
AgriFORCE Growing Systems Ltd. has priced an initial public offering of 2,719,999 units at $5.00 each, aiming for gross proceeds of approximately $13.6 million. Each unit includes one common share and one Series A warrant, with an exercise price of $6.00. The offering is scheduled to close by July 12, 2021, contingent on customary closing conditions. Underwriters have a 45-day option to purchase an additional 407,999 units. Common shares and warrants are set to start trading on Nasdaq under the symbols AGRI and AGRIW, respectively, from July 8, 2021.