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S-1/A: General form for registration of securities under the Securities Act of 1933 (Amendment)

SEC announcement ·  May 31 17:30
Summary by Moomoo AI
AgriFORCE Growing Systems Ltd. (AgriFORCE), a company specializing in intellectual property for agricultural advancements, has filed an amendment to its Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on May 31, 2024. The registration includes the offering of common stock previously issued and shares issuable upon conversion of debentures and exercise of warrants. The filing details the company's corporate structure, including its subsidiaries, and outlines recent sales of unregistered securities, such as common shares issued to consultants and upon conversion of prefunded warrants and convertible debt. The document also describes the company's plans for the use of proceeds, which will not benefit from the sale of common stock by selling stockholders, although proceeds from the...Show More
AgriFORCE Growing Systems Ltd. (AgriFORCE), a company specializing in intellectual property for agricultural advancements, has filed an amendment to its Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on May 31, 2024. The registration includes the offering of common stock previously issued and shares issuable upon conversion of debentures and exercise of warrants. The filing details the company's corporate structure, including its subsidiaries, and outlines recent sales of unregistered securities, such as common shares issued to consultants and upon conversion of prefunded warrants and convertible debt. The document also describes the company's plans for the use of proceeds, which will not benefit from the sale of common stock by selling stockholders, although proceeds from the exercise of any warrants will be received. AgriFORCE's common stock and Series A warrants are traded on the Nasdaq Capital Market under the symbols 'AGRI' and 'AGRIW' respectively. The company's management team, including the Executive Consultant and Chief Financial Officer, is responsible for the day-to-day operations and strategic direction of AgriFORCE. The filing also includes information on the company's governance, such as the composition of its Board of Directors and various committees, and the indemnification of officers and directors. The company has undertaken to provide all necessary information and to comply with the SEC's regulations regarding the offering and sale of securities.

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