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Agrify Announces Pricing of $75 Million Public Offering of Common Stock
BURLINGTON, Mass., Feb. 16, 2021 (GLOBE NEWSWIRE)
Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced and proprietary precision hardware and software grow solutions for the indoor agriculture marketplace, today announced the pricing of an underwritten public offering of 5,555,555 shares of its common stock at a price to the public of $13.50 per share for gross proceeds of approximately $75 million.
Maxim Group LLC is acting as sole book-running manager in connection with the offering.
Agrify also has granted the underwriters a 45-day option to purchase up to an additional 833,333 shares of common stock, at the public offering price less discounts and commissions. The offering is expected to close on or about February 19, 2021, subject to customary closing conditions.