US-listed company AgriFORCE Growing Systems (AGRI) raises $550 million to pursue AVAX Treasury strategy

BlockBeats News, September 22nd, according to stocktitan, AgriFORCE Growing Systems (Nasdaq: AGRI) announced its transformation into an AVAX Treasury strategy, becoming the first Nasdaq-listed company focusing on Avalanche blockchain technology. The company revealed a $550 million financing strategy aimed at accumulating over $700 million worth of AVAX tokens.

Under the leadership of CEO Jolie Kahn and nominee Chairman Matt Zhang, the company's strategy includes a $300 million PIPE (Private Investment in Public Equity) and plans to raise an additional $250 million through an equity-linked instrument.

The Strategic Advisory Board includes industry leaders such as Anthony Scaramucci from SkyBridge Capital and Brett Tejpaul from Coinbase Institutional. The plan has received support from over 50 institutions and crypto-native investors, including ParaFi, Galaxy Digital, and Digital Currency Group.