Agrify (US:AGFY) InvestorPlaceยท2024-01-30 13:22Group 1 - Agrify (NASDAQ:AGFY) stock is experiencing significant movement due to updates on share ownership, particularly the transfer of a convertible senior note to CP Acquisitions, which allows conversion into AGFY shares [1] - CP Acquisitions, controlled by Agrify's president and CEO Raymond Nobu Chang, holds a total of securities equivalent to a 49.99% stake in the company, with a limit preventing ownership from exceeding this percentage [1] - Other entities, including M Zion Capital, LLC, M Olivet Capital, LLC, and M Cannan Capital, LLC, also hold shares of AGFY stock, contributing to the overall 49.99% stake held by CP Acquisitions [1] Group 2 - The news has led to heavy trading activity, with over 13 million shares of AGFY changing hands, significantly above the daily average of approximately 1.4 million shares [2] - As of Tuesday morning, AGFY stock has increased by 60.6% [2]