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AgriFORCE rebranded to AVAX One, surged over 100%, and plans to buy $700M in AVAX tokens using $550M in funding.
AgriFORCE Growing Systems shares soared over 100% to $5.56 after announcing a rebrand to AVAX One and a strategic shift toward acquiring AVAX tokens, the native cryptocurrency of the Avalanche blockchain.
The company plans to raise $550 million—$300 million via a private investment in public equity and up to $250 million through future financing—to purchase over $700 million in AVAX tokens.
The move positions AVAX One as the first publicly traded Nasdaq company focused on the Avalanche network, supported by a strategic advisory board including Anthony Scaramucci and Brett Tejpaul.
The announcement triggered strong investor interest, with shares reaching highs of $8.99 and trading volume surging.
The pivot marks a significant departure from AgriFORCE’s agricultural technology roots and reflects a broader trend of non-crypto firms entering digital asset ownership.
AgriFORCE cambió su marca a AVAX One, aumentó más del 100%, y planea comprar $ 700M en tokens AVAX utilizando $ 550M en financiamiento.