Agrify to offer 2.8 million shares in IPO, priced at $8 to $10 each

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Agricultural technology company Agrify set terms for its initial public offering on Wednesday, with plans to offer 2.8 million shares, priced at $8 to $10 each. The company has applied to list on Nasdaq, under the ticker “AGFY.” Maxim Group and Roth Capital Partners are joint bookrunners on the deal. Proceeds will be used to fund R&D, sales and marketing, to hire personnel, to fund equipment and for working capital and general corporate purposes. “We are a developer of highly advanced and proprietary precision hardware and software grow solutions for the indoor agriculture marketplace,” the company says in its prospectus.
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