Agrify (NASDAQ:AGFY) said it is looking to raise ~$26M through a non-brokered private placement priced at $22.30 per share.
The firm expects to use the proceeds from the private placement for general corporate purposes, including, among other things, working capital and business development.
The investors in the placement will get pre-funded warrants to the extent any investor’s beneficial ownership of Agrify stock following the offering would exceed 4.99%.
