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The latest update is out from Agrify (AGFY).
Agrify Corporation, led by Chairman and CEO Raymond N. Chang and Board member I-Tseng Jenny Chan, has entered into a financing agreement with CP Acquisitions, LLC for a loan of up to $1.5 million. This Junior Note, due July 1, 2025, has a 10% annual interest rate and is secured by company assets but is subordinate to prior secured debts. It offers flexible repayment and can be converted into common stock or nearly zero-cost warrants, enhancing the company’s financial agility and potential for growth.
See more data about AGFY stock on TipRanks’ Stock Analysis page.