Agrify Corp falls on plans for reverse stock split
03/07/2023 12:42
** Indoor agriculture marketplace services provider Agrify
Corp AGFY.O down 1.3% at $0.18
** Company announces reverse stock split at ratio of
1-for-20; to be effective on July 5
** Agrify says reverse stock split intended to enable
company to satisfy minimum bid price requirement for continued
listing on Nasdaq
** AGFY shares down ~44% YTD
(Reporting by Rupali Chaudhary in Bengaluru)
((rupali.chaudhary@thomsonreuters.com))