Summary by Moomoo AI
AgriFORCE Growing Systems, Ltd. (AgriFORCE) has entered into stock purchase agreements with two institutional investors for the sale of 16 million shares of common stock at a price of $0.05 per share, totaling $800,000. The common stock is traded on the Nasdaq Capital Market under the symbol 'AGRI.' The last reported sale price of AgriFORCE's common stock was $0.0618 per share as of October 14, 2024. The company is currently limited by General Instruction I.B.6 of Form S-3, which restricts the amount of securities that can be sold under the registration statement. AgriFORCE has not offered any securities under this instruction in the prior 12 months. The company emphasizes the significant risks involved in investing in its securities and advises investors to read the 'Risk Factors' section beginning on page S-12 of the prospectus supplement. The date of the prospectus supplement is October 15, 2024.
