AgriFORCE Rebrands to AVAX One, Targets $550 Million Capital Raise
- AgriFORCE Growing Systems (AGRI) is rebranding as AVAX One and plans to raise $550 million.
- The company aims to acquire over $700 million in AVAX, the native token of the Avalanche blockchain.
- Anthony Scaramucci from Skybridge Capital will lead the advisory board, emphasizing tokenization’s importance in finance.
- The capital raise includes a $300 million PIPE and up to $250 million in equity-linked offerings, pending shareholder approval.
- Investors participating include ParaFi, Galaxy Digital, DCG, Kraken, and Cypher Capital among others.
AVAX One’s strategy focuses on disciplined token accumulation and fintech acquisitions to create a robust financial ecosystem. The firm also continues its existing energy infrastructure business through TerraHash Digital.
With a goal of accumulating over $700 million in AVAX, AVAX One aims to provide public investors access to a professionally managed vehicle for blockchain exposure. (Source)
