AgriFORCE Growing Systems provided a report on its ongoing investigation into potentially improper and/or illegal trading activities, including naked short selling, of the Company’s common stock. On November 15, 2022, the Company engaged Shareholder Intelligence Services to utilize their patented, proprietary service offerings to obtain share trading analytic metrics designed to help coordinate, monitor and enhance corporate governance, shareholder communication, regulatory compliance and surveillance of trading in the Company’s shares in an effort to allow Company to better monitor trading activity, including potential violations of SEC Regulation SHO, which governs stock and option share locate, close out and fail to deliver requirements. Based on an initial analysis of the Company’s historic stock trading activity, the Company believes that it may have been the target of market manipulation and potentially illegal trading activities, including naked short selling of its stock. As such, the Company is exploring all of its potential options and remedies.
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