Why Is Agrify (AGFY) Stock Up 61% Today?
AGFYAgrify (AGFY) InvestorPlace·2024-01-30 21:22

Agrify (NASDAQ:AGFY) stock is on the move Tuesday as investors react to updates on ownership of the cannabis and hemp company’s shares. The latest news has to do with the transfer of a convertible senior note to CP Acquisitions. This happened in October 2023 and allows the holder of the note to convert it for shares of AGFY stock. The notes have a limit that doesn’t allow the holder to obtain more than a 49.99% stake in Agrify. Investors will note that CP Acquisitions is an entity under the control of Raymo ...