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AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) (the "Company") announced today that it has obtained shareholder approval to complete its previously announced transaction in support of becoming the first publicly-traded company dedicated to maximize ownership of AVAX, the native token of the Avalanche network.
AGRI shareholders voted overwhelmingly in favor of closing the transaction, which includes an approximately $300 million private investment (PIPE), led by Hivemind Capital, as well as in support of all other measures put to a shareholder vote at the Annual Meeting held today. The completion of this transaction will position the Company as the first Nasdaq-listed entity with a primary mission centered on the Avalanche ecosystem. The transaction is expected to close on or about October 30, 2025, subject to satisfaction of customary closing conditions.
Following the closing of the transaction, the Company will change its name to AVAX One and associated ticker symbol to better reflect its new strategic focus on the Avalanche ecosystem. This change will be announced separately upon completion.
Posted In: AGRI
