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AgriFORCE Growing Systems (AGRI) Announces Shareholder Approval in Support of First Publicly-Traded Avalanche-Focused Company on Nasdaq
Prnewswire· 2025-10-27 20:30
Core Viewpoint - AgriFORCE Growing Systems Ltd. has received shareholder approval to proceed with a transaction aimed at becoming the first publicly-traded company focused on maximizing ownership of AVAX, the native token of the Avalanche network [1][2]. Group 1: Shareholder Approval and Transaction Details - Over 95% of voted shares supported the transaction, which includes a private investment of approximately $300 million led by Hivemind Capital [2][3]. - The transaction is expected to close around October 30, 2025, pending customary closing conditions [2]. Group 2: Strategic Vision and Company Rebranding - Following the transaction, the company will be renamed AVAX One, reflecting its new focus on the Avalanche ecosystem [3][6]. - The strategic vision aims to create long-term value through innovation and a results-driven approach in the evolving financial markets [3]. Group 3: Business Model and Financial Strategy - The company's goal is to accumulate over $700 million worth of AVAX tokens, positioning itself as a foundational partner in the Avalanche ecosystem [5]. - The capital raise strategy includes the approved $300 million PIPE and plans to raise an additional $250 million through various measures [5]. Group 4: Avalanche Ecosystem and Market Position - Avalanche is described as a high-speed, institutional-grade blockchain that enables major financial institutions to launch compliant blockchains for tokenizing real-world assets [4]. - The network is secured by over $6.9 billion in staked assets, indicating a robust foundation for future growth [4].
X @Avalanche🔺
Avalanche🔺· 2025-09-27 17:00
Avalanche Ecosystem - Avalanche ecosystem updates and the full Proof of Thought series are available at the provided link [1]