According to Jinse, AgriFORCE Growing Systems (NASDAQ: AGRI) announced that shareholders have approved the previously announced transaction to become the first publicly traded company focused on the Avalanche ecosystem. The deal includes a $300 million private investment led by Hivemind Capital, expected to be completed by October 30. Post-transaction, the company will rebrand as AVAX One and change its stock ticker to reflect its strategic focus on Avalanche. AVAX One plans to hold over $700 million in AVAX tokens through a digital asset treasury strategy and build an institutional-grade Avalanche access platform. The company will continue to operate its existing AgriFORCE business, focusing on energy-driven digital infrastructure and clean energy technology.
AgriFORCE Shareholders Approve $300M Investment to Become AVAX Treasury Company
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