VANCOUVER, BC - AgriForce Growing Systems Ltd. (NASDAQ:AGRI), a company specializing in prefabricated metal buildings and components, announced the results of its annual stockholders meeting, which took place on Monday. During the meeting, stockholders cast their votes on undisclosed matters, which the company stated were approved. The specifics of the proposals and the percentage of votes in favor were not detailed in the press release.
Additionally, AgriForce has amended its corporate charter, reducing the quorum to one-third of the issued and outstanding shares for shareholder meetings. This change comes after a rescheduling of its Annual Meeting of Shareholders due to a lack of quorum. The company has also diversified its market reach by acquiring Radical Clean Solutions (RCS) and integrating its patent-pending hydroxyl technology.
AgriForce has entered a new equity distribution agreement with Maxim Group LLC, enabling the company to sell common stock up to $3.08 million. The proceeds from this agreement are expected to be used for general corporate purposes. Lastly, new compensation arrangements for Chairman David Welch and CEO Jolie Kahn have been announced.
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