IPO - AGRIFORCE GROWING SYSTEMS LTD.

Form Type: S-1/A

Filing Date: 2025-04-25

Corporate Action: Ipo

Type: Update

Accession Number: 000164117225006267

Filing Summary: AgriFORCE Growing Systems Ltd. is filing an amendment to its S-1 registration statement with the SEC to permit the resale of up to 9,698,474 shares of common stock by selling stockholders. The company itself will not receive proceeds from this offering but will incur registration expenses. The shares are being offered through public and private transactions at prevailing market or negotiated prices. AgriFORCE has entered into sustainable Bitcoin mining and completed acquisitions of three facilities since late November 2024, leveraging these for agricultural productivity by reusing excess heat and carbon emissions from mining. The overall goal of the company is to combine innovative agriculture technology with sustainable practices, while expanding into the Ag-tech sector through its various initiatives in both commercial and consumer markets, including its UN(THINK) brand of nutritious food products. The registration with the SEC is part of its ongoing strategy to enhance financing capabilities and expand operations in the agricultural technology field. The company is also focused on the commercialization of its proprietary technologies and aims to grow its distribution network internationally.

Form Type: S-1

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: New

Accession Number: 000149315225005223

Filing Summary: Agriforce Growing Systems Ltd. is filing a registration statement under the Securities Act of 1933 for the proposed sale of up to 9,698,474 shares of common stock by selling stockholders. The company is not selling any shares and will not receive any proceeds from the sale. The common stock is listed on the Nasdaq under the symbol 'AGRI' with a last reported sale price of $2.04 per share on February 5, 2025. The company has diversified into sustainable Bitcoin mining with recent acquisitions of three facilities, two in Ohio and one in Alberta, Canada, enhancing its eco-friendly operational practices. It focuses on Ag-Tech innovations, including new intellectual property for plant-based food products and controlled environment agriculture solutions. The anticipated growth strategy includes commercializing products and expanding distribution networks internationally, particularly in clean technologies and sustainable agricultural practices. The prospectus emphasizes the company's commitment to innovation and environmental responsibility while providing investors with a comprehensive overview of potential risks and investment considerations.