The Dow Jones index closed higher by around 0.1% on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Agrify Co. (NASDAQ:AGFY – Get Rating) CEO Raymond Nobu Chang acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average price of $2.50 per share, for a total transaction of $12,500.00. Following the purchase, the chief executive officer now owns 15,000 shares […]
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.