Agrify Entered Purchase Agreement And A Registration Rights Agreement With Iconic Ventures, Pursuant To Which Iconic Has Committed To Purchase Up To An Aggregate Of $15M Of Co.'s Common Stock
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Agrify has entered into a purchase agreement and a registration rights agreement with Iconic Ventures, allowing Iconic to purchase up to $15 million of Agrify's common stock.
August 29, 2024 | 8:37 pm
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Agrify has secured a purchase agreement with Iconic Ventures, allowing for the purchase of up to $15 million of its common stock. This agreement could provide Agrify with additional capital, potentially strengthening its financial position.
The purchase agreement with Iconic Ventures provides Agrify with access to up to $15 million in capital, which can be used for growth initiatives or to strengthen its balance sheet. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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