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AgriFORCE Growing | 8-K: Current report

SEC announcement ·  Feb 21 01:43
Summary by Futu AI
On February 20, 2024, AgriFORCE Growing Systems Ltd., a company listed on the Nasdaq Capital Market under the trading symbols AGRI for its common shares and AGRIW for its Series A Warrants, filed a Form 8-K with the United States Securities and Exchange Commission. The report disclosed that AgriFORCE had entered into waivers with two institutional investors from its June 2022 financing. These waivers included a reduction of the minimum tranche for additional closings from $2.5 million to $1.0 million, which may occur until December 31, 2024. Additionally, the waivers allowed investors to convert outstanding debentures at 85% of the Nasdaq Official Closing Price on the day before the Acceleration Notice Date, with certain monthly conversion limits. This filing also contained forward-looking statements, which are subject to various risks, uncertainties, and assumptions. AgriFORCE Growing Systems Ltd. is identified as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards.
On February 20, 2024, AgriFORCE Growing Systems Ltd., a company listed on the Nasdaq Capital Market under the trading symbols AGRI for its common shares and AGRIW for its Series A Warrants, filed a Form 8-K with the United States Securities and Exchange Commission. The report disclosed that AgriFORCE had entered into waivers with two institutional investors from its June 2022 financing. These waivers included a reduction of the minimum tranche for additional closings from $2.5 million to $1.0 million, which may occur until December 31, 2024. Additionally, the waivers allowed investors to convert outstanding debentures at 85% of the Nasdaq Official Closing Price on the day before the Acceleration Notice Date, with certain monthly conversion limits. This filing also contained forward-looking statements, which are subject to various risks, uncertainties, and assumptions. AgriFORCE Growing Systems Ltd. is identified as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards.
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