---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-019198"
form_type: "8-K"
ticker: "VFF"
cik: "0001584549"
company_name: "Village Farms International, Inc."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:37:02.966293+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Village Farms completes $25M direct offering, CEO stake falls below 10%

## Summary
- Sold 18,350,000 common shares at $1.35 and warrants for 18,350,000 more at $1.65 per share.
- Gross proceeds ~$25M; net proceeds for general working capital.
- CEO Michael DeGiglio ownership diluted from ~11.4% to ~9.4% after offering.
- Warrants exercisable from July 30, 2023 to July 30, 2028; potential $30M add if exercised.
- Total shares outstanding post-offering: 110,238,929.

## SEC filing metadata
- accession: 0001193125-23-019198
- form_type: 8-K
- ticker: VFF
- cik: 0001584549
- company_name: Village Farms International, Inc.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1584549/000119312523019198/0001193125-23-019198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1584549/000119312523019198/d369529d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-019198
- JSON: https://secwatch.observer/filing/0001193125-23-019198.json
- Plain text: https://secwatch.observer/filing/0001193125-23-019198.txt

## Key facts
- Material Agreements
  Village Farms International, Inc. entered into Securities Purchase Agreements with the purchasers valued at Purchase and sale of 18,350,000 common shares at US$1.35 per share together with warrants to purchas (effective 2023-01-26).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the purchasers
  - Value: Purchase and sale of 18,350,000 common shares at US$1.35 per share together with warrants to purchas
  - Effective: 2023-01-26
  source text: On January 26, 2023, Village Farms International, Inc. (the “ Company ”) entered into securities purchase agreements (the “ Securities Purchase Agreements ”) for the purchase and sale of 18,350,000 of its common shares, no par value per share (“ Common Shares ”), at US$1.35 per share together with accompanying warrants to purchase up to 18,350,000 Common Shares, which have an exercise price of US$1.65 per share (the “ Warrants ”), pursuant to a registered direct offering (the “ Offering ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1584549/000119312523019198/0001193125-23-019198-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.