Anthony Scaramucci Involved as AgriFORCE One Rebrands to an AVAX Treasury Company; Shares Rise 132%

AgriFORCE Growing Systems (AGRI) is rebranding arsenic AVAX One and launching a $550 cardinal superior rise to go the archetypal Nasdaq-listed institution focused connected acquiring avalanche (AVAX), the autochthonal token of the Avalanche blockchain, the institution said successful a press release Monday.

Anthony Scaramucci, laminitis of concern steadfast Skybridge Capital, and a semipermanent advocator of integer assets, is joining arsenic the caput of the firm's advisory board.

Shares of AgriFORCE were trading 132% higher pursuing the announcement. AVAX was little by 3% implicit the past 24 hours.

The institution said it aims to accumulate much than $700 cardinal worthy of AVAX, giving nationalist investors a professionally managed conveyance to summation vulnerability to the network, which secures $6.2 cardinal successful staked assets and has been utilized by firms similar JPMorgan and Apollo for tokenization initiatives.

Hivemind Capital laminitis Matt Zhang, who volition seat the board, said AVAX One’s program is to physique the “Berkshire Hathaway of the onchain fiscal economy,” combining disciplined token accumulation with fintech acquisitions to thrust growth.

SkyBridge Capital’s Anthony Scaramucci, who joins the company’s advisory committee alongside Coinbase organization caput Brett Tejpaul, said tokenization is “the azygous biggest taxable for the adjacent decennary of finance” and that AVAX One offers a public-market on-ramp to enactment successful that shift.

The rise includes a $300 cardinal PIPE, pending shareholder approval, and up to $250 cardinal successful further equity-linked offerings, with information from investors including ParaFi, Galaxy Digital, DCG, Kraken and Cypher Capital.

Big Brain Holdings, FalconX, Republic Digital, Borderless Capital, Summer Capital, GSR Ventures, Fintech Collective, Bastion Trading, CMCC Global Titan Fund, Hypersphere, Fifth Lane Capital, and HashKey Capital besides participated successful the raise.

AVAX One volition besides proceed to run AgriFORCE’s existing vigor infrastructure concern done its TerraHash Digital division.

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