TechFlow, September 22 — According to PRNewswire, AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) announced it will rebrand as AVAX One, plans to raise approximately $550 million in funding, and will adopt an AVAX treasury strategy.
The company aims to hold over $700 million worth of AVAX tokens, including approximately $300 million successfully raised through private investment in public equity (PIPE), along with an additional planned $250 million in future fundraising. The company's Strategic Advisory Committee is led by Anthony Scaramucci, founder of SkyBridge Capital, and Brett Tejpaul, Head of Institutional Business at Coinbase.
This capital raise was led by Hivemind Capital, with participation from over 50 institutions and crypto-native investors, including ParaFi, Galaxy Digital, and Digital Currency Group.
