AgriFORCE Reports Further Progress on Planned Acquisition of Delphy, a Leading European Agriculture/Horticulture and AgTech Consulting Firm
AgriFORCE Growing Systems Ltd. - Common Shares (AGRI)
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, Sept. 26, 2022 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (“the Company") (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple platforms, today announced that following the definitive agreement to acquire Delphy Groep BV (Delphy), a Netherlands-based AgTech consultancy firm, the parties have further agreed to mutually extend the closing date as part of an Amended Agreement, to allow for sufficient time to complete a Form 14A for shareholder approval. The transaction is expected to be completed in the current calendar year, subject to AgriFORCE shareholder approval. The Amended Agreement will reduce the total purchase price from USD$29 million to USD$17.66 million1, plus a potential earnout of up to USD$5.99 million1 over 2 years, based on achieving future performance milestones. AgriFORCE CEO Ingo Mueller commented, “Due to the size
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AGRI
Sec Filings
- 4/12/24 - Form 8-K
- 4/1/24 - Form 10-K
- 2/29/24 - Form 8-K
- AGRI's page on the SEC website