Derived from Cryptonews, AgriFORCE Growing Systems Ltd. has announced plans to rebrand as AVAX One, becoming the first Nasdaq-listed company dedicated to maximizing AVAX token ownership. The firm aims to raise $550 million to accumulate over $700 million in AVAX, with a focus on staking and expanding the Avalanche ecosystem. The capital raise includes a $300 million private investment in public equity (PIPE) and $250 million in future equity-linked instruments. The company is backed by Hivemind Capital and features advisory support from Anthony Scaramucci and Brett Tejpaul. AVAX One plans to stake the majority of its holdings, leveraging Avalanche’s high staking yields to generate cash flow from day one.
AVAX One to Raise $550M for AVAX Staking, Becomes First Nasdaq-Listed Avalanche-Focused Company
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