AgriFORCE Growing Systems (NASDAQ: AGRI) announced that it has received shareholder approval to complete the previously announced transaction, becoming the first publicly traded company to focus on the Avalanche ecosystem. The transaction, which includes a $300 million private equity investment (PIPE) led by Hivemind Capital, is expected to close by October 30. Upon completion, the company will be renamed AVAX One and will change its ticker to reflect its strategic focus on the Avalanche ecosystem.
AVAX One plans to hold more than $700 million of AVAX tokens through a digital asset treasury strategy to create an institutional-grade Avalanche access platform. The company will continue to operate its existing AgriFORCE business, focusing on energy-driven digital infrastructure and clean energy technologies.
AgriFORCE shareholders approve $300 million investment transaction to be completed on October 30 to become AVAX Treasury
2025-10-27 21:17:39
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