Agrify Corporation announced the pricing of its public offering of 6,723,684 shares of common stock at a public offering price of $0.38 per share. Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $2.6 million. The Company intends to use the net proceeds for working capital and general corporate purposes, which may include capital expenditures and repayment of debt. The offering is expected to close on February 28, 2024, subject to customary closing conditions.
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