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S-1/A: General form for registration of securities under the Securities Act of 1933 (Amendment)

SEC announcement ·  May 7 16:41
Summary by Moomoo AI
AgriFORCE Growing Systems Ltd. (AgriFORCE), a company specializing in intellectual property for agricultural advancements, has filed an amendment to its Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on May 7, 2024. The registration, initially filed on June 30, 2022, pertains to the sale of common stock by selling stockholders, which includes shares issuable upon conversion of debentures and exercise of warrants. The company will not receive proceeds from the stock sales but will incur related expenses. The filing includes details on the company's operations, financials, and governance, as well as legal matters and expert opinions. AgriFORCE's common stock and Series A Warrants are listed on the Nasdaq Capital Market under the symbols 'AGRI' and 'AGRIW' respectively...Show More
AgriFORCE Growing Systems Ltd. (AgriFORCE), a company specializing in intellectual property for agricultural advancements, has filed an amendment to its Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on May 7, 2024. The registration, initially filed on June 30, 2022, pertains to the sale of common stock by selling stockholders, which includes shares issuable upon conversion of debentures and exercise of warrants. The company will not receive proceeds from the stock sales but will incur related expenses. The filing includes details on the company's operations, financials, and governance, as well as legal matters and expert opinions. AgriFORCE's common stock and Series A Warrants are listed on the Nasdaq Capital Market under the symbols 'AGRI' and 'AGRIW' respectively. The company has experienced significant financial activities, including the issuance of convertible debentures and warrants, and has undergone management restructuring, with Jolie Kahn appointed as Executive Consultant and Richard Wong resuming his role as CFO. The company's shares have been historically volatile, and it does not intend to pay dividends in the foreseeable future.
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