AgriFORCE raises $292.4M, renames to AVAX One, pivots to Avalanche digital asset treasury

AVAX ONE TECHNOLOGY LTD.

Enters subscription agreements for $292.4M: $146.4M cash/stablecoins, $146M AVAX tokens; indicative 112M shares at $2.36/share, subject to shareholder approval.
Company to rename to AVAX One, adopt digital asset treasury strategy using AVAX as primary reserve; existing Bitcoin mining continues.
All current directors except Amy Griffith to resign upon closing; new board nominated; Hivemind Capital appointed asset manager with 1.25% annual fee.
Strategic advisory board includes Anthony Scaramucci (SkyBridge) and Brett Tejpaul (Coinbase); over 50 institutional investors participating including ParaFi, Galaxy Digital.
Risk factors disclosed: high AVAX price volatility, custody risks, potential regulatory reclassification; cash proceeds to go toward AVAX acquisitions and general corporate.

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Key facts

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

AVAX ONE TECHNOLOGY LTD. issued an aggregate amount of $292.4 million of common stock to institutional and accredited investors for $2.36 per Share.

Security: common stock
Shares: an aggregate amount of $292.4 million
Purchaser: institutional and accredited investors
Consideration: $2.36 per Share

Exact text from the filing

the “ Common Shares ”, and the aggregate number thereof referenced in this sentence, the “ Shares ”), in an aggregate amount of $292.4 million. The per Share purchase price is $2.36 (the “ Share Price ”). Of the aggregate $292.4 million purchase price for the Shares, an aggregate of (i) $146.4 million is expected to be paid in cash, the cryptocurrency

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AVAX ONE TECHNOLOGY LTD. filing history →

Source: SEC EDGAR

accession 0001493152-25-014385

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