Summary by Futu AI
On December 6, 2023, African Agriculture Holdings Inc. (AAGR) reported a significant change in ownership to the SEC. Global Commodities & Investments Ltd. and its director, Vasile Frank Timis, filed a Form 3, indicating their status as beneficial owners of more than 10% of the company's common stock. The filing disclosed that Global Commodities & Investments Ltd. directly owns 28,080,047 shares of African Agriculture. Vasile Frank Timis, who has voting and dispositive power over the shares held by Global, disclaimed beneficial ownership except to the extent of his pecuniary interest. The joint filing agreement, dated March 15, 2024, confirms that both Global Commodities & Investments Ltd. and Vasile Frank Timis are filing on behalf of each other, with each party responsible for the accuracy of their own information provided.