Cannabis company
Agrify Corp. (NASDAQ:AGFY) is poised to debut on the Nasdaq Capital Market under the symbol “AGFY” on Thursday, Jan. 28.
The Burlington, Massachusetts-based company disclosed the pricing of its upsized initial public offering of some 5.4 million of its shares of common stock at $10 per share.
In addition, Maxim Group LLC and Roth Capital Partners are operating as joint book-running managers for the offering.
Underwriters have a 45-day option to buy up to roughly 810,000 shares of common stock.
The closing of the offering is scheduled for Feb.1.
Agrify is an indoor farming services provider. The company is poised to manage shortfalls in the current cannabis cultivation methods and other crops.