Summary by Moomoo AI
AgriFORCE Growing Systems, Ltd. (AgriFORCE), a company specializing in innovative agricultural solutions, has filed a prospectus related to the offer and sale of up to 8,717,454 shares of common stock by selling stockholders identified in the prospectus. The shares are related to a Securities Purchase Agreement involving debentures and accompanying warrants, with the potential for additional purchases by investors. AgriFORCE will not sell any shares nor receive proceeds from the stockholders' sales but will incur registration-related expenses. The selling stockholders may sell the shares through various methods, including public or private transactions, and at market or negotiated prices. The timing and amount of any sale are at the discretion of the selling stockholders. The common stock is listed on the Nasdaq Capital Market under the symbol 'AGRI'. As of December 19, 2023, the last reported sale price was $0.58 per share. The prospectus also details the company's corporate structure, recent debt financing, intellectual property, and information on directors and executive officers. The date of the prospectus is January 26, 2024.